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PPHE Hotel ( (GB:PPH) ) has shared an update.
PPHE Hotel Group has announced the acquisition of a 13,000 sqm mixed-use development site in central London, marking its first entry into the area east of the City of London. The site will host a Radisson RED lifestyle hotel with 182 bedrooms, a restaurant, bar, gym, and office space, set to open in 2029. This investment aligns with PPHE’s strategy to expand its multi-brand and multi-market segment offerings, enhancing its presence in London’s hospitality market. The project, with an anticipated investment of £90 million, underscores PPHE’s commitment to sustainability and strategic growth in prime urban locations.
The most recent analyst rating on (GB:PPH) stock is a Hold with a £15.00 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
Spark’s Take on GB:PPH Stock
According to Spark, TipRanks’ AI Analyst, GB:PPH is a Neutral.
PPHE Hotel Group’s stock is supported by strong technical indicators and recent corporate expansions. However, financial risks due to high leverage and negative free cash flow coupled with governance concerns from shareholder opposition slightly dampen the outlook.
To see Spark’s full report on GB:PPH stock, click here.
More about PPHE Hotel
PPHE Hotel Group is an international hospitality real estate company with a portfolio valued at £2.2 billion, primarily consisting of prime freehold and long leasehold assets in Europe. The company develops, owns, operates, and franchises hospitality real estate, including upscale, upper upscale, and lifestyle hotels in major cities and resort destinations. PPHE holds an exclusive license from Radisson Hotel Group to operate Park Plaza® branded hotels in Europe, the Middle East, and Africa, and it also owns the art’otel® brand and operates Arena Hotels & Apartments® and Arena Campsites® in Croatia.
Average Trading Volume: 30,029
Technical Sentiment Signal: Buy
Current Market Cap: £655.3M
For an in-depth examination of PPH stock, go to TipRanks’ Overview page.