We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pphe Hotel Group Limited | LSE:PPH | London | Ordinary Share | GG00B1Z5FH87 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -20.00 | -1.37% | 1,440.00 | 1,445.00 | 1,460.00 | 1,470.00 | 1,445.00 | 1,470.00 | 4,521 | 16:35:16 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Hotels And Motels | 419.01M | 22.42M | 0.5291 | 27.31 | 612.15M |
From Apr 2019 to Apr 2024
TIDMPPH
RNS Number : 1414J
PPHE Hotel Group Limited
26 June 2017
26 June 2017
PPHE Hotel Group Limited
("PPHE Hotel Group")
Exercise of Sugarhill Option
PPHE Hotel Group which together with its subsidiaries (the "Group") owns, leases, develops, operates and franchises full service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe, announces that it has today sold its remaining 12% interest in Sugarhill Investments B.V. ("Sugarhill") to its non-wholly owned subsidiary Arena Hospitality Group d.d. ("Arena") for an amount of EUR8.33 million.
Background
As announced on 21 and 23 December 2016, PPHE Hotel Group contributed 88% percent of its interest in Sugarhill, which, together with its subsidiaries ("Sugarhill Group"), comprised the Group's German and Hungarian assets and operations, in exchange for 1,091,250 new shares in Arena. Following such contribution, the Group continued to hold 12% of the shares in Sugarhill ("Sugarhill Shares"). PPHE Hotel Group also granted an option to Arena to acquire the Sugarhill Shares for an amount of EUR8.33 million (the "Option") at any time during the following 18 month period.
Arena has exercised that Option and the Sugarhill Shares have been sold pursuant thereto.
Enquiries:
Hot Features
Premium
PPHE Hotel Group Limited
Chen Moravsky, Deputy Chief
Executive Officer and Chief Tel: +44 (0)20 7034
Financial Officer 4800
Hudson Sandler Financial Public
Relations
Tel: +44 (0)20 7796
Wendy Baker / Jocelyn Spottiswoode 4133
Notes to editors
PPHE Hotel Group is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, operates, franchises and develops full-service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe.
The majority of the Group's hotels operate under the Park Plaza(R) Hotels & Resorts or art'otel(R) brands. The Group has an exclusive licence from Carlson Hotels Worldwide Inc., one of the world's largest hotel groups, to develop and operate Park Plaza(R) Hotels & Resorts in Europe, the Middle East and Africa.
The art'otel(R) brand is wholly owned by the Group.
The Group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.
The Group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels offering a total of approximately 9,000 rooms. The Group's development pipeline includes two new hotels which are expected to add an additional 500 rooms by the end of 2019.
Company websites:
www.pphe.com
www.arenahospitalitygroup.com
For reservations:
www.parkplaza.com
www.artotels.com
www.arenaturist.com
For images and logos visit www.vfmii.com/parkplaza
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEGCGDLIGDBGRL
(END) Dow Jones Newswires
June 26, 2017 05:15 ET (09:15 GMT)
1 Year Pphe Hotel Chart |
1 Month Pphe Hotel Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
