PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,770.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 1,990.00
  • 52 Week Low: 1,525.00
  • Currency: UK Pounds
  • Shares Issued: 42.40m
  • Volume: 11,289
  • Market Cap: £750.45m
  • RiskGrade: 106

PPHE Hotel buys freeholds on two German hotels

By Michele Maatouk

Date: Friday 09 Dec 2016

LONDON (ShareCast) - (ShareCast News) - PPHE Hotel Group said on Friday that Arenaturist, in which it has a controlling stake, has agreed to buy the freehold interests in two hotels in Germany.
It will buy Art'otel Cologne and Art'otel Berlin for €54.5m from an unnamed third party. Opened in 2010, Art'otel Cologne is located on the Rheinaudocks in the centre of Cologne, while Art'otel Berlin is a 152-room hotel in the Charlottenburg area.

PPHE said this is the first step towards "developing Arenaturist into a leading Central and Eastern European leisure and hospitality company with a business model that includes owning and managing its own assets and those of others, primarily under the Park Plaza brand".

President and chief executive officer Boris Ivesha said: "The board is delighted with the acquisition of the freeholds of these two hotels in Cologne and Berlin which we have managed under our wholly owned Art'otel brand for a number of years.

"The group's portfolio in Germany consists of eight hotels and this latest acquisition highlights our commitment to our presence in gateway cities in Europe."

At 1210 GMT, the shares were down 0.4% to 685p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PPH Market Data

Currency UK Pounds
Share Price 1,770.00p
Change Today -10.00p
% Change -0.56 %
52 Week High 1,990.00
52 Week Low 1,525.00
Volume 11,289
Shares Issued 42.40m
Market Cap £750.45m
RiskGrade 106

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.66% below the market average78.66% below the market average78.66% below the market average78.66% below the market average78.66% below the market average
63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average63.16% below the sector average
Price Trend
75.01% above the market average75.01% above the market average75.01% above the market average75.01% above the market average75.01% above the market average
72.15% above the sector average72.15% above the sector average72.15% above the sector average72.15% above the sector average72.15% above the sector average
Income
58.4% below the market average58.4% below the market average58.4% below the market average58.4% below the market average58.4% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Growth
15.62% above the market average15.62% above the market average15.62% above the market average15.62% above the market average15.62% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PPH Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-19 25-Apr-19
Paid 15-Oct-19 20-May-19
Amount 17.00p 19.00p

Trades for 16-Sep-2019

Time Volume / Share Price
16:35 2,909 @ 1,770.00p
16:29 122 @ 1,770.00p
16:29 2 @ 1,770.00p
16:29 3 @ 1,770.00p
16:29 5 @ 1,770.00p

Top of Page