Park Plaza sees increased revenue thanks to strong UK growth

Park Plaza hotels (PPHE) has reported a 6% increase in like-for-like revenue in the nine months to 30 September 2019, driven by strong growth in the UK.

Total revenue reached £276.3m, with occupancy of 80.6% and revenue per available room (revpar) of £102.

Boris Ivesha, president and chief executive of PPHE, said: ”We are pleased to report a solid performance during the quarter, with continued revenue growth and an increase in group revpar of 4.3%, as we benefited from the recent completion of several major repositioning projects and maturing properties across our portfolio and strong trading in the United Kingdom.

“Following several years of investment and disruption to operations, all hotels across our UK and NL portfolio are now open and contributing to the group’s performance. Strong trading at Park Plaza Victoria Amsterdam in the Netherlands and Holmes Hotel London demonstrate our investment programme continuing to bear fruit, and we look forward to trading continuing to mature across other recently repositioned hotels in the coming months.

“We expect to invest approximately £300 million on our development pipeline, which includes exciting projects such as art’otel London Hoxton and an art’otel at Hudson Yards in New York City.

“Based on our results to September and our outlook for the remainder of the financial year, the Board anticipates the full year results will be in line with its previous expectations.”

The group reported it is making progress at the Art’otel London Hoxton development, with the demolition of the existing structure on the site having commenced.

PPHE Hotel Group unveils the premium boutique hotel Holmes Hotel London

PPHE Hotel Group (“PPHE” or the “Group”), an international hospitality real estate group which owns and develops hotels and resorts, operates the Park Plaza Hotels & Resorts brand in EMEA and owns the art’otel brand, has announced the opening of its debut premium boutique hotel product, Holmes Hotel London.

Late spring 2019 sees the official opening of the Group’s first premium boutique hotel, Holmes Hotel London. Formerly Park Plaza Sherlock Holmes London, the repositioned hotel situated on Chiltern Street Marylebone, has seen a multi-million-pound refurbishment of the original site which includes all guest rooms and public areas and expresses a new luxurious identity synonymous with an up-market boutique aesthetic.

Reacting to the ever-evolving market trends, the new hotel will offer the required flexibility to facilitate guest’s on and offsite demands and provide a personalised, service for all guests in one of London’s most sought-after neighborhood, Marylebone Village.

The 5,499m² property comprises of four classic Georgian buildings housed over four floors. Holmes Hotel will encapsulate a new identity as a premium boutique hotel with a renewed sense of heritage, immersive playfulness and approachability – a stylish home away from home for the contemporary traveller looking for a unique stay.

The main entrance of the hotel has been moved from Baker Street to Chiltern Street, allowing guests easier access to Marylebone’s stylish boutiques, galleries and eateries, Holmes Hotel London’s interiors and ambience have been designed to reflect the chic, personality driven Marylebone Village and to encompass the luxurious feel of the local area.

Elegant, modern facilities will include 118 sophisticated guest rooms, three meeting spaces, a gym and an all-day dining destination, Kitchen at Holmes, which offers a seasonally inspired menu in celebration of Londoners and the sensational cultural melting pot of the city.

With an expert eye for contemporary design, the award-winning Digital Space created the vision and interior design for the modern, classic hotel whilst award-winning European design agency Zopsigog continued the story-telling through subtle flavoured intriguing touch points adding hidden depth to the mystery that runs throughout the historic and modern Sherlock Holmes culture.

Boris Ivesha, President & Chief Executive Officer, PPHE Hotel Group added, “We are excited to open the doors of our first major repositioning project in 2019, the Marylebone located Holmes Hotel London. We look forward to welcoming our local neighbours and international guests this spring to showcase our new premium boutique hotel which is reflective of the iconic personality and ambience of Marylebone. This opening will be the first
of several repositioning projects to be completed this year, with similarly exciting projects in their final stages in Amsterdam, Utrecht and Croatia.”

New Park Plaza brand identity unveiled

Radisson Hotel Group (‘RHG’) and PPHE Hotel Group (‘PPHE’), which is RHG’s exclusive partner for its wholly owned Park Plaza brand in Europe, Middle East & Africa, has unveiled the first phase of the rollout of a new Park Plaza brand identity.

Following a significant investment programme that has seen the Park Plaza portfolio bolstered by four new openings since 2015, the extensive repositioning of two hotels in 2018 and several additional repositioning programmes at final stages, PPHE has truly elevated the Park Plaza portfolio to be a stylish hospitality product, with reimagined spaces and critically acclaimed destination restaurants and bars. Now firmly positioned as an upper upscale international brand, the new brand identity is fully aligned with the contemporary and high-quality product.

The brand identity redesign exudes style and sophistication, reflecting the brand’s deep understanding of its guests and the locale in which each property inhabits. Underpinned by three key pillars – authentic service, contemporary spirit and local hotspots – the update cements its commitment to giving each guest a real and genuine experience through elegantly appointed and distinctively designed hotels with vibrant restaurants and bars that exude a buzzing social atmosphere. The new brand identity, which is now live across all digital platforms including the website and social media channels, is supported by a new logo inspired by the authentic and sophisticated spaces embodied by properties within the Park Plaza portfolio.

RHG and PPHE continue to develop the brand’s hallmarks, with recently introduced guest experience initiatives such as the introduction of a heightened sleep experience through luxury bedding and linen, a dedicated scent programme, the creation of social destinations and hotspots where the local community and guests mix in lively environments with a compelling entertainment offering. Additional features of the brand include its progressive approach to design, lighting and ambiance.

Park Plaza is one of the largest international upper upscale brands within central London, with 3,200 rooms in operation and some of the capital’s largest meeting and event facilities. In addition, the brand is represented in capital cities and regional centres such as Amsterdam, Berlin, Bangkok, Beijing, Nuremberg, Cardiff, Leeds and Nottingham – as well as various resort destinations in Croatia.

Federico J. Gonzalez Tejera, President & CEO of Radisson Hospitality AB and Chairman of Radisson Hotel Group Global Steering Committee, added: “We are very proud to be unveiling the new Park Plaza brand repositioning and logo as part of the comprehensive restructure of our brand architecture – a process we began last year with the launch of Radisson Hotel Group. Park Plaza is a strong and recognised name within the London market especially and its new brand position aligns with our ambition to deliver memorable moments to our guests, owners, investors and talent – while offering a clear and attractive proposition within our overall brand portfolio. This brand repositioning will help us add value and continue being the best partner to our stakeholders.”

Boris Ivesha, President & Chief Executive Officer at PPHE Hotel Group, commented: “Following the full transformation and repositioning of our portfolio in recent years, we are excited to unveil an enhanced brand identity for Park Plaza that further enables us to create unique experiences for guests and offer asset value to our investors. The new visual identity and logo complement the brand’s growth and represents the contemporary and sophisticated properties that are part of the estate.

“We are currently finalising plans on the roll-out process for the brand relaunch across all properties in Europe with Radisson Hotel Group.’’