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PPHE Hotel Group

16:55 on 21/11/2017

Current Price 1065.00p | Bid 1050.00p | Ask 1070.00p | Change 0.47%

Company Overview

Park Plaza Hotels Limited owns, co-owns, leases, franchises and manages full service four-star deluxe hotels and trendy boutique hotels in major gateway cities and regional centres in Europe and MENA. The Group operates under two distinct brands, ''Park Plaza'' and ''art'otel''. The Group's strategy is to tap into the growing ''affordable luxury'' market by offering a high quality product at attractive prices and to continue to expand its portfolio. The Group's hotel portfolio comprises 24 operating hotels located in six European countries and Israel, offering a total of 4,128 rooms. Two of these hotels are wholly-owned by the Group, five are co-owned with Elscint (a wholly-owned subsidiary of Elbit Medical Imaging Ltd., a company listed on NASDAQ), eight are operated under operating leases, three are managed with no ownership interest and six are operated by third parties under franchise agreements. The Group's committed projects comprise four new hotels and an extension to an existing hotel, all under development or refurbishment, that together are planned to provide a further 1,843 rooms by the end of 2010. In addition, the Group has entered into territorial franchise arrangements pursuant to which a further 12 hotels comprising, in aggregate, 2,210 rooms are targeted to be opened by the end of 2010. The Group has rights to two brands which the Directors believe have significant upside potential. The Group has the exclusive right to use the ''Park Plaza'' brand in 56 countries in the EMEA region, through a territorial licence agreement with Carlson, a leading US travel and hospitality company. In addition to the brand itself, the Group's relationship with Carlson allows it to benefit from Carlson's global brand infrastructure, reservation system and sales and marketing platform. The Group will also, on Admission, own the art'otel brand (subject to certain rights in favour of a third party).

Stock Details

Shares in Issue 42,197,512
Market cap £ 338.00m
Sector Travel & Leisure

Financial Highlights Year Ended 31/12/2014

Turnover €270.44 million
Operating Profit €70.39 million
Dividend Yield 2.50
Dividend Per Share 20.00
Dividend Cover 13.67
P/E Ratio 8.26
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Key Personnel

Chen Moravsky CFO

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Price Summary

Mid Price ? 1065.00p
Bid Price ? 1050.00p
Ask Price ? 1070.00p
Volume ? 9965
Change Today 5.00p
% Change Today 0.47%
Open 1056.50p
Previous Close 1065.00p
Intraday High 1070.00p
Intraday Low 1050.50p
52 Week High 857.50p
52 Week Low 598.50p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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