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PPHE Hotel
(LSE:PPH)
PPHE Hotel (PPH) vs. iShares MSCI United Kingdom ETF (EWC)
PPHE Hotel Business Overview & Revenue Model
PPHE Hotel Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 466.40M | 442.79M | 414.60M | 330.09M | 141.38M |
| Gross Profit | 65.88M | 242.55M | 159.15M | 114.31M | 953.00K |
| EBITDA | 138.19M | 119.11M | 110.15M | 86.50M | 13.37M |
| Net Income | 13.19M | 28.21M | 22.41M | 10.16M | -52.13M |
Balance Sheet | |||||
| Total Assets | 1.92B | 1.90B | 1.92B | 1.86B | 1.68B |
| Cash, Cash Equivalents and Short-Term Investments | 131.53M | 113.22M | 152.09M | 163.59M | 136.82M |
| Total Debt | 1.20B | 1.17B | 1.17B | 1.13B | 1.02B |
| Total Liabilities | 1.41B | 1.37B | 1.39B | 1.36B | 1.23B |
| Stockholders Equity | 321.44M | 312.68M | 314.58M | 315.06M | 278.47M |
Cash Flow | |||||
| Free Cash Flow | 49.22M | -6.39M | -37.52M | -34.55M | -68.33M |
| Operating Cash Flow | 100.08M | 67.96M | 78.35M | 56.71M | -9.57M |
| Investing Cash Flow | -77.92M | -82.58M | -115.80M | -96.35M | -105.17M |
| Financing Cash Flow | -13.54M | -19.77M | 26.35M | 61.97M | 141.47M |
PPHE Hotel Technical Analysis
PPHE Hotel Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $2.18B | 5.15 | 23.98% | 1.18% | 7.17% | -2.22% | |
69 Neutral | £129.08M | 20.19 | 11.33% | 0.60% | -3.82% | -51.23% | |
69 Neutral | $19.82B | 26.93 | ― | 1.23% | 5.55% | 19.27% | |
66 Neutral | £4.18B | 17.47 | 7.52% | 3.80% | -2.12% | 8.95% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | £10.06M | -20.98 | -2.90% | ― | 0.82% | -27.59% | |
54 Neutral | £706.53M | 53.57 | 7.17% | 1.84% | 6.14% | 1.27% |
PPHE Hotel Corporate Events
PPHE Hotel Group has agreed to repurchase the freehold of the 494-room Park Plaza London Waterloo, reversing a 2017 sale and leaseback that had released capital but left the company with a long-term, inflation-linked rent. The freehold acquisition is priced at £147.9 million, with £136.5 million expected to be financed through a new debt facility secured on the asset, and the balance funded from existing cash, with completion anticipated in the coming months.
By regaining outright ownership, PPHE aims to shield itself from future rental uplifts tied to RPI and increase the proportion of freehold assets in its portfolio, reinforcing its capital allocation and recycling strategy. Management highlighted that controlling the freehold should enhance strategic flexibility for refurbishment and development, improve financing terms and allow PPHE to capture the full asset value over time, potentially strengthening returns and its positioning in the competitive European hospitality real estate market.
The most recent analyst rating on (GB:PPH) stock is a Hold with a £2180.00 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has announced that its controlled subsidiary, Arena Hospitality Group d.d., has published its audited Annual Report for the financial year ended 31 December 2025. The release underlines ongoing financial transparency and regulatory compliance for the Zagreb-listed subsidiary, providing shareholders and market participants with updated insights into Arena Hospitality Group’s performance and operations.
The publication of the 2025 Annual Report is a routine yet important disclosure that supports informed decision-making for investors in both PPHE Hotel Group and Arena Hospitality Group. By directing stakeholders to the report on Arena’s website, the Group reinforces its commitment to timely information flow and corporate governance standards in the hospitality real estate sector.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £20.50 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group reported record 2025 revenue of £466.4 million, with like-for-like sales, room revenue and RevPAR all edging higher despite a modest squeeze on EBITDA margins from higher UK national insurance and the ramp-up of new hotels. Adjusted EPRA earnings per share were flat at 125p, EPRA NRV per share dipped slightly on UK property revaluations, and the board lifted the total dividend to 39p while its UK portfolio outperformed more subdued trading in the Netherlands and Germany, and Croatian assets delivered a strong summer.
Strategically, the group completed a major refinancing cycle that extended average loan maturity to 4.2 years, acquired the freehold of Park Plaza London Park Royal and a nearby development site, increased its stake in Croatian subsidiary Arena Hospitality Group to 66.1%, and opened its first Italian hotel, art’otel Rome Piazza Sallustio, alongside the phased launch of art’otel London Hoxton. PPHE also secured a development site near the City of London for a planned Radisson RED select-service hotel and agreed to sell a Manhattan development plot, while its ongoing strategic review and solid forward bookings underpin expectations of further revenue and EBITDA growth in 2026, in line with market forecasts.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £20.50 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has agreed to sell its Manhattan development site, originally acquired in 2019 for its first U.S. hotel and condominium project, after regulatory changes in New York made ground-up hotel development there unviable. The company had enhanced the site’s value through demolition and air-rights acquisition and is now divesting the freehold to a U.S. real estate developer for $33.5 million, with completion expected in the coming months.
Proceeds from the sale will be used first to repay $8.3 million of associated debt, with the remaining funds redeployed under PPHE’s capital allocation strategy, particularly into its core geographic regions. Management highlighted that the disposal near Hudson Yards aligns with the group’s strategic focus and capital discipline, allowing it to exit a non-core, challenged project and reinforce its positioning in key European and resort markets.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £20.50 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has scheduled a live investor presentation and Q&A session to discuss its annual results for the year ended 31 December 2025. The session, led by senior executives including the co-chief executive officer, chief financial officer and executive vice president of commercial affairs, will be held on 26 February 2026 via the Investor Meet Company platform, underscoring the group’s ongoing efforts to engage transparently with both existing and potential shareholders.
The event will be open to all investors who register on the platform, with current followers of PPHE on Investor Meet Company automatically invited to attend. Participants will be able to submit questions in advance through their dashboards or during the live presentation, providing shareholders and prospective investors an opportunity to gain deeper insight into the company’s performance and outlook.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £20.50 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has announced that it will publish its annual results for the financial year ended 31 December 2025 on Thursday, 26 February 2026. The scheduled release date signals the upcoming disclosure of the group’s recent financial and operational performance, which will be closely watched by investors and other stakeholders for insights into trading conditions and portfolio progress.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £20.50 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group reported that 2025 was a year of financial and strategic progress despite volatile macroeconomic and geopolitical conditions, with total revenue and EBITDA expected to come in line with market expectations and a solid trading performance in the fourth quarter. Group room revenue for 2025 is expected to rise 4.2% to £330.4 million, with reported RevPAR up 2.6% to £123.4, driven by higher average room rates and slightly improved occupancy, while UK hotels performed well, trading in the Netherlands and Germany was subdued, and Croatian operations benefited from a strong summer season. The company also completed its largest-ever investment programme, including the opening of art’otel Rome Piazza Sallustio and continued ramp-up of art’otel London Hoxton, strengthened its long-term pipeline with the acquisition of a mixed-use development site near the City of London, and confirmed that its previously announced strategic review remains ongoing, with further updates to be provided in due course.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £20.50 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has announced that it will release a trading update for the year ended 31 December 2025 on Wednesday 28 January 2026. The forthcoming update is expected to provide stakeholders with insights into the company’s recent operational and financial performance, which may influence market perceptions of its positioning in the hospitality and real estate sectors.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £2100.00 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has completed the refinancing of its Park Plaza Victoria London property through a new £88 million five-year facility agreement, replacing its previous financing arrangements for the central London hotel. The transaction strengthens the Group’s capital structure at a flagship UK asset, potentially enhancing financial flexibility for future investment and operations while underscoring lender confidence in the performance and value of the company’s London portfolio.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £2100.00 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has launched a performance-based long-term incentive plan for senior management team members Greg Hegarty and Daniel Kos, linking their rewards to dividend and earnings per share performance over the years 2026-2028. The initiative, approved by the remuneration committee, aligns executive rewards with shareholder value and market performance, emphasizing long-term sustainability and accountability.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £2100.00 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has announced a new £88 million refinancing agreement for Park Plaza Victoria London, arranged by Santander UK plc and ABN AMRO Bank N.V. This move is part of a broader strategy to refinance the Group’s assets, following a similar refinancing of Park Plaza London Riverbank. The new facility, which replaces an existing one with Barings LLC, is set for a five-year term with a floating interest rate, largely hedged at 3.9%. This refinancing supports PPHE’s goals of enhancing shareholder value and improving guest experiences, with the hotel undergoing a significant upgrade of guest rooms.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £2100.00 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has announced a new £88 million refinancing agreement for Park Plaza Victoria London, arranged by Santander UK plc and ABN AMRO Bank N.V. This move is part of a broader strategy to refinance the Group’s assets, following a similar refinancing of Park Plaza London Riverbank. The new facility, which replaces an existing one with Barings LLC, is set for a five-year term with a floating interest rate, mostly hedged at 3.9%. This refinancing supports PPHE’s goals of enhancing shareholder value and improving guest experiences, particularly as the hotel undergoes room upgrades in 2026.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £2100.00 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group Limited has announced a change in its registered office address to Ground Floor, Plaza House, Admiral Park, St Peter Port, Guernsey, effective from December 15, 2025. This change is part of the company’s ongoing operational adjustments and may have implications for its administrative processes and stakeholder communications.
The most recent analyst rating on (GB:PPH) stock is a Buy with a £2100.00 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.
PPHE Hotel Group has appointed Shore Capital as a joint corporate broker, replacing Jefferies International Limited. This strategic move, effective immediately, positions Shore Capital alongside J.P. Morgan Cazenove, potentially enhancing PPHE’s market engagement and financial advisory capabilities.
The most recent analyst rating on (GB:PPH) stock is a Hold with a £1951.00 price target. To see the full list of analyst forecasts on PPHE Hotel stock, see the GB:PPH Stock Forecast page.