PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,100.00p
   
  • Change Today:
    -25.00p
  • 52 Week High: 2,140.00
  • 52 Week Low: 805.00
  • Currency: UK Pounds
  • Shares Issued: 42.46m
  • Volume: 3,530
  • Market Cap: £467.05m
  • RiskGrade: 334

PPHE Hotel Group secures ?180m facility for Hoxton project

By Iain Gilbert

Date: Wednesday 08 Apr 2020

LONDON (ShareCast) - (Sharecast News) - Real estate developer PPHE Hotel Group has entered into a ?180m syndicated facility agreement arranged by Bank Hapoalim to fund the development of Art'otel London Hoxton.
PPHE said total aggregate project costs remaining for completion of the hotel were approximately ?200m but stated that it does not expect a material outflow of cash to the project until July 2022 as a result of the loan, which entitles the group to temporarily unlock some of its invested equity.

The hotel will include a new 27-storey building to accommodate 343 hotel rooms and suites, five floors of office space, a gym, swimming pool and wellness facilities and an art gallery.

President and chief executive Boris Ivesha said: "We are pleased to have secured funding to develop Art'otel London Hoxton with Bank Hapoalim BM, which has been a long-standing partner of the group, funding several of our other key properties, including Park Plaza Westminster Bridge London which opened in 2010."

"We believe the project has the potential to deliver attractive risk-adjusted returns for shareholders whilst further expanding our Art'otel brand."

As of 0905 BST, PPHE shares were up 0.42% at 1,205p.

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 1,100.00p
Change Today -25.00p
% Change -2.22 %
52 Week High 2,140.00
52 Week Low 805.00
Volume 3,530
Shares Issued 42.46m
Market Cap £467.05m
RiskGrade 334

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.56% above the market average55.56% above the market average55.56% above the market average55.56% above the market average55.56% above the market average
22.86% above the sector average22.86% above the sector average22.86% above the sector average22.86% above the sector average22.86% above the sector average
Price Trend
55.25% below the market average55.25% below the market average55.25% below the market average55.25% below the market average55.25% below the market average
1.37% below the sector average1.37% below the sector average1.37% below the sector average1.37% below the sector average1.37% below the sector average
Income
39.7% below the market average39.7% below the market average39.7% below the market average39.7% below the market average39.7% below the market average
18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average
Growth
19.77% below the market average19.77% below the market average19.77% below the market average19.77% below the market average19.77% below the market average
24.64% above the sector average24.64% above the sector average24.64% above the sector average24.64% above the sector average24.64% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
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
  Final Interim
Ex-Div n/a 19-Sep-19
Paid n/a 15-Oct-19
Amount 0.000p 17.00p

Trades for 07-Jul-2020

Time Volume / Share Price
16:14 18 @ 1,100.00p
16:14 52 @ 1,100.00p
16:14 29 @ 1,100.00p
16:12 18 @ 1,109.68p
16:10 36 @ 1,100.00p

Top of Page