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PPHE Hotel Group (PPH)

Business description

PPHE Hotel Group (formerly Park Plaza Hotels) is an integrated owner and operator of four-star, boutique and deluxe hotels in gateway cities, regional centres and select resort destinations, predominantly in Europe.

Stock data

Market cap.£702.8m
Last close1,660.00p
High / Low (52 weeks)1690.0p / 1080.0p
Stock market listingLN
Forecast net debt (£m)440
Forecast gearing ratio (%)95
TeamConsumer
SectorTravel & Leisure

Price performance

%1m3m12m
Actual7.19.251.3
Relative *13.819.767.4

* % Relative to local index

Other companies in sector Show

Company news

BRIEF-PPHE Hotel Group Says Reported Qrtly Total Revenue Up 2.9 Pct

Wed, 02 May 2018 06:45:00 GMT

PPHE Hotel Group promotes Van Sterkenburg

Mon, 18 Dec 2017 09:44:59 GMT

PPHE Hotel Group reported a 19 percent annual revenue in 2017

Wed, 31 Jan 2018 14:59:10 GMT

BRIEF-‍PPHE Hotel Group to buy Aspirations Ltd for 35 mln stg ​

Wed, 24 Jan 2018 07:52:30 GMT

PPHE Hotel Group appoints Daniel Pedreschi as their UK regional GM

Wed, 07 Feb 2018 13:16:50 GMT

Investment summary

Q318 has seen PPHE deliver (eg like-for-like RevPAR +6%) against a strong comparative. London, the company's largest profit source, shared in a weather-led leisure market pick-up, while the Netherlands saw an early benefit from newly completed renovation at its flagship Victoria Amsterdam. Croatia, in its busiest period, topped a record 2017 despite the heatwave in northern Europe depressing demand. With current-year expectations unchanged ahead of key Q4 trading, longer-term growth is being driven by a £190m investment programme with key projects in the Netherlands and London well in hand. Expansion also remains on the cards, even if management is justifiably reluctant to pay up.

Last updated on 29/11/2018

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2016A 272.5 94.1 34.2 69.9 23.7 8.8
2017A 325.1 107.3 34.5 64.2 25.9 6.1
2018E 340.0 112.0 38.0 68.8 24.1 6.3
2019E 350.0 118.0 44.0 81.6 20.3 6.0

Last updated on 22/11/2018

Latest research

Keeping busy

Flash note | Travel & Leisure | 02/11/2018

Asset value growth to the fore

Update | Travel & Leisure | 04/10/2018

Creating value

Flash note | Travel & Leisure | 29/06/2018

Busy on all fronts

Flash note | Travel & Leisure | 04/05/2018

Fraught with opportunity

Update | Travel & Leisure | 12/03/2018

On track

Flash note | Travel & Leisure | 01/02/2018

Building on success

Flash note | Travel & Leisure | 24/01/2018

Making the most of it

Flash note | Travel & Leisure | 06/11/2017

Going places

Update | Travel & Leisure | 20/09/2017

Waterloo sunset

Flash note | Travel & Leisure | 04/07/2017

Keeping momentum

Flash note | Travel & Leisure | 09/05/2017

Up for the challenge

Update | Travel & Leisure | 09/03/2017

Latest video

Executive interview - PPHE Hotel Group

Industry outlook

Security and Brexit uncertainty are concerns, but the London hotel market has shown admirable resilience and benefits from increased tourism owing to sterling weakness. Greater measurable worries are room supply, which is above its long-term trend, slower economic growth and rising operating costs. GL, London's largest hotel owner/operator, continues to “maintain a cautious outlook”, while, per pwc, market RevPAR may be flat, albeit at a very high level, both in 2018 (up +2% in the year to date, per STR) and 2019.

Last updated on 29/11/2018

Key management

Eli Papouchado, Chairman
Boris Ivesha, CEO
Daniel Kos, CFO

Company address

Vinoly Tower
5th Floor
Claude Debussylaan 14
Amsterdam
1082 MD
Netherlands
+31 (0)20 717 8600
View website