PPHE Hotel Group Limited has announced its audited annual results for the financial year ended 31 December 2023, revealing record levels of revenue and EBITDA. Boris Ivesha, President & Chief Executive Officer, expressed satisfaction with the company's performance, attributing the success to the hard work and dedication of their teams. The company also achieved EPRA earnings and NRV per share above 2022 levels, leading to a significantly enhanced dividend for shareholders.
The Group is set to open its artotel London Hoxton and artotel Rome Piazza Sallustio in 2024, with increasing numbers of guests. The company's strong momentum at the start of the new year supports the Boards confidence in the Group's outlook. Additionally, the Groups Croatian subsidiary, Arena Hospitality Group d.d., has published its full Annual Report and Accounts for the year 2023.
For more information, the full Annual Report and Accounts for the year 2023 can be accessed on the company's website. Boris Ivesha, President & Chief Executive Officer, invites readers to visit the website for more information about the company, brands, hotels, and more.