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PPHE Hotel Group

PPHE Hotel Group

Sector: Hotels And Motels Region: Netherlands


: | London Stock Exchange: PPH


PPHE Hotel Group is a pan-European hospitality company, with a turnover of over EUR245m. Our high-quality portfolio of hotels and resorts is primarily located in Europe. Our primary activities are owning, leasing, developing, operating and franchising full-service upscale and lifestyle hotels.

We enjoy an exclusive licence from CarlsonSM, a global privately owned hospitality and travel company, under which we develop and operate Park Plaza® Hotels & Resorts in Europe, the Middle East and Africa. We fully own the art’otel® brand, and can develop this innovative concept across the world, while our significant minority ownership interest in the Arenaturist group, one of Croatia’s premier hospitality companies, gives us a strong presence on the Istrian Peninsula.Our portfolio of owned, leased, managed and franchised hotels features 38 properties offering 8,300 guest rooms in total. We are currently bringing four new hotels, the extension and reconfiguration of one hotel and the rebranding of two hotels which together are expected to add approximately a further 1,200 rooms to the portfolio by the end of 2017.Our focus is on expanding our presence in the affordable upscale market segment through strategic development and partnership projects. Our business model accommodates a range of hotel contracts as outlined below.

Ownership of 50% or more

We have a 50% or more interest in 14 hotels. This model is capital intensive, but owning the underlying assets enables us to capitalise on any increase in property values and to develop flagship hotels in key locations.

Ownership of less than 50%, or management only

We have a minority interest in, or a management agreement only for, 15 hotels. We are actively looking to expand in this area, as it requires less capital expenditure, enables faster growth and allows us to retain control over the assets.

Operating leases

We lease six of our hotels from third parties. The need for upfront capital investment is eliminated with this model, making it the preferred structure for institutional investors.

Franchise

We have three franchised hotels, whereby third-party operators have carefully been selected to operate hotels under our brands and operate them according to our brand standards. We are actively pursuing similar new arrangements to accelerate the growth of our brands.

Development projects

We have a controlling interest in four of our current development projects.

Latest Media

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Company Presentation April 2014

PPHE Hotel Group video

Company Presentation April 2014

PPHE Hotel Group video

PPHE Hotel Group

PPHE Hotel Group video

art'otel | meet our hotels

PPHE Hotel Group video

Park Plaza Hotels & Resorts | Discover our hotels

Executives

Eli Papouchado, Non-Executive Chairman
Eli is the founder of the Red Sea Group and previously acted as Chairman of its board for ten years. He has been involved in the construction, design, development, financing, acquisition and management of such leading hotels as Park Plaza Westminster Bridge London, Park Plaza Riverbank London, Park Plaza Victoria London, Park Plaza Leeds, Park Plaza Nottingham, Park Plaza Victoria Amsterdam and the milestone Taba Hotel.
Eli has been instrumental in the development of hundreds of thousands of square metres of retail space in shopping malls and large residential projects in the United States, Eastern Europe and the Middle East. He also served as Chairman of the Israel Hotel Association.
Boris Ivesha, President and Chief Executive Officer
Boris has been President of PPHE Hotel Group since 1991. In 1972 he was appointed General Manager of the Royal Horseguards Hotel in London, a position he held until 1979, when he became Managing Director of the Carlton Hotel in Israel.
Boris established the Yamit Hotel in 1984, served as the hotel’s President and brought the Park Plaza Hotels & Resorts brand to the Group in 1994 in collaboration with the Red Sea Group. He has been one of the major drivers behind the expansion of our portfolio, and he sits on the Investment and Operational Committees.
Chen Moravsky, Chief Financial Officer
Chen held the position of Financial Director of the Red Sea Group before joining PPHE Hotel Group in 2005.
He worked as an Audit Manager at Deloitte before moving to the Red Sea Group in 2001, where he gained his expertise in the hotel/leisure business and real estate investment market. Chen is a Certified Public Accountant (ISR) and holds an MBA from The University of Manchester as well as a Bachelor of Business from the Tel Aviv College of Management. He also sits on the Investment and Operational committees.
Kevin McAuliffe, Non-Executive Director, Senior Independent Director
Kevin is currently the Executive Chairman of Carey Group, having originally joined them as Chief Executive in 1999.
Before this he was Head of Advisory Services for Paribas International Private Banking and the Managing Director of Paribas Suisse in Guernsey. Previously the Finance Director of the Ansbacher offshore banking group, he was appointed Chief Executive of Ansbacher’s Guernsey bank and trust company business in 1994. Between 1973 and 1980 he held posts in three different departments in the States of Guernsey. He is a Member of the Society of Trust and Estate Practitioners and is a director of various regulated investment companies.
Elisha Flax, Non-Executive Director
Elisha is a real estate entrepreneur engaged in various real estate activities in Eastern Europe.
He served as a non-executive director of Delek Global Real Estate plc, an AIM-listed real estate company, until 2010. Elisha was previously employed as a solicitor at the London offices of US law firms Chadbourne & Parke and Akin, Gump, Strauss, Hauer & Feld and PlaneStation Limited, where he was general counsel. He holds an LLB degree from Keio University in Tokyo, Japan, and is a qualified solicitor in England and Wales.
Nigel Jones, Non-Executive Director
Nigel has been a member of the Royal Institution of Charted Surveyors since 1989. He was the Chief Executive of ComProp Limited, an AIM-listed property company based in Guernsey, between 2001 and 2007.
During that period he was responsible for major office developments including headquarter offices for Fortis, Kleinwort Benson and Generali, as well as retail stores for B&Q which are now occupied by Waitrose. He initially worked in Southampton for Humberts dealing with the management of coastal land that formed part of the Crown Estate. Having moved to Guernsey he established the island’s first dedicated commercial property practice in 1995. His directorships include UK Care No 1, which holds leases on approximately 100 BUPA care homes, Matrix Property Fund (Guernsey) Limited, Threadgreen Industrial Limited and B L Management Guernsey 2011 Limited, part of The British Land Company PLC.

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