PPHE Hotel Group Limited has announced a proposed final dividend payment of 20 pence per share in respect of the year ended 31 December 2023. The final dividend is subject to approval at the Annual General Meeting on 22 May 2024 and will be paid to shareholders on 31 May 2024. The payment will be made to all shareholders on the register of members at the close of business on 26 April 2024.
PPHE Hotel Group is an international hospitality real estate company with a £2.2 billion portfolio, primarily consisting of prime freehold and long leasehold assets in Europe. The company owns, co-owns, develops, leases, operates, and franchises hospitality real estate, including full-service upscale, upper upscale, and lifestyle hotels in major gateway cities and regional centers, as well as hotel, resort, and campsite properties in select resort destinations.
The group's strategy is to grow its portfolio of core upper upscale city center hotels, leisure and outdoor hospitality, and hospitality management platform. PPHE Hotel Group benefits from an exclusive and perpetual license from the Radisson Hotel Group to develop and operate Park Plaza branded hotels and resorts in Europe, the Middle East, and Africa. Additionally, the company wholly owns and operates under the art'otel brand and its Croatian subsidiary owns and operates under the Arena Hotels & Apartments and Arena Campsites brands.
PPHE Hotel Group is a Guernsey registered company with shares listed on the London Stock Exchange and holds a controlling ownership interest in Arena Hospitality Group, whose shares are listed on the Prime market of the Zagreb Stock Exchange. For more information, visit the company websites: www.pphe.com and www.arenahospitalitygroup.com.