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PPHE Hotel Group

PPHE Hotel Group

Sector: Hotels And Motels Region: Netherlands

: | London Stock Exchange: PPH

PPHE Hotel Group is an international hospitality company, with a turnover of over GBP325m. 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, upper upscale and lifestyle hotels.

We enjoy an exclusive license from Radisson Hotel Group, one of the world’s largest hotel groups, 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 controlling ownership interest in the Arena Hospitality 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 39 properties offering more than 9,000 guest rooms in total. Our development pipeline includes two new art'otels in London, which are expected to add a further 500 rooms in London.

Our focus is on expanding our presence in the upscale, upper upscale and lifestyle hotel market segment through strategic development and partnership projects. Our business model accommodates a range of hotel contracts as outlined below.

Hotels with an ownership interest
We wholly own and / or part own 33 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.

Hotels under operating leases
We lease three 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.

Hotels under management and franchise agreements
We have three managed and franchised hotels. The hotels are owned by third parties and they either operate their property, or they have entered into a franchise agreement with us. We are actively pursuing similar new arrangements to accelerate the growth of our brands.

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PPHE Hotel Group

PPHE Hotel Group video

PPHE Hotel Group

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Park Plaza Hotels & Resorts | Discover our hotels

PPHE Hotel Group video

art'otel | meet our hotels


Eli Papouchado, Non-Executive Chairman
Eli has been Chairman of the Group since its formation in 1989, previously founding the Red Sea Group, a collection of real estate companies which he led as its Chairman for ten years. He has a wealth of experience in the construction, design, development, financing, acquisition and management of leading European hotels, including Park Plaza Westminster Bridge London, Park Plaza London Riverbank, art’otel amsterdam, Park Plaza Nuremberg and many others. Eli has led the development of major retail spaces in shopping malls and large residential projects in the USA, 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 and Chief Executive Officer of PPHE Hotel Group since 1991. He was responsible for bringing the Park Plaza Hotels & Resorts® brand to the Group in 1994 in collaboration with Eli Papouchado and the Red Sea Group, and has been a major influence in the expansion of the Group’s international portfolio. In previous roles, Boris established the Yamit Hotel, Israel, in 1984, serving as its President and was Director of the Carlton Hotel in Israel from 1979 until 1984 and General Manager of the Royal Horseguards Hotel in London from 1972 until 1979.
Chen Moravsky, Non executive director
Chen is a Non-Executive Director and former Deputy Chief Executive Officer (2014-2017) and Chief Financial Officer (2005-2017) of PPHE Hotel Group. He was Financial Director of the Red Sea Group between 2001 and 2005, and he boasts extensive experience in the hotel/leisure business and real estate investment arenas. Previously an Audit Manager at Deloitte, Chen is a Certified Public Accountant (ISR) and has an MBA from the University of Manchester and a Bachelor of Business from the Tel Aviv College of Management.
Kevin McAuliffe, Non-Executive Director, Senior Independent Director
Kevin is a Non-Executive Director and Senior Independent Director. He was a member of the Society of Trust and Estate Practitioners for 20 years and has held directorships in various regulated investment companies and remains a director of two regulated entities. Retired Chairman of Carey Group (since joining as Chief Executive in 1999), he was also Head of Advisory Services for Paribas International Private Banking and Managing Director of Paribas Suisse in Guernsey (1992-1999). He served as Finance Director of Ansbacher offshore banking group, was appointed as Chief Executive of Ansbacher’s Guernsey bank and trust company business in 1994 and held posts in three different departments in the States of Guernsey (1973-1980).
Dawn Morgan, Non-Executive Director
As a Non-Executive Director, Dawn is a Chartered Accountant and former Finance Director and Company Secretary of International Energy Group Ltd (IEG). She joined IEG as Financial Accountant in 1992 and was promoted to Group Accountant and Company Secretary in 2000, and further promoted to the main board as Finance Director from 2004-2013. During her 21 years at IEG, Dawn's extensive role covered all aspects of commercial accounting and management. This included the group consolidations and cash flows, disaster recovery, restructuring and the centralisation of the finance function. She was also actively involved in the flotation of IEG on the London Stock Exchange and various group acquisitions and disposals, including the sale of IEG and its integration into an Australian and Canadian quoted company.
Nigel Jones, Non-Executive Director
Nigel is a Non-Executive Director and has been a member of the Royal Institution of Charted Surveyors since 1989. He was Chief Executive of ComProp Limited between 2001 and 2007 while it traded as an AIM-listed property company, and during that time he was responsible for major office developments including headquarter offices for Fortis, Kleinwort Benson and Generali, along with retail stores for B&Q and Waitrose. Nigel initially worked in Southampton for Humberts and dealt with the management of coastal land forming part of the Crown Estate before moving to Guernsey where he established the island’s first dedicated commercial property practice in 1995.

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