Tag: PPHE

Posted on

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.

Posted on

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.”

Posted on

£180 million development project for second Art’otel in London

PPHE Hotel Group (Park Plaza Hotels Europe) has received planning permission to begin construction on a £180 million development project that will house the Art’otel London Hoxton – the brand’s second property in the capital.

The group calls the site a key opening for the Art’otel luxury collection across Europe. The next phase of construction is set to begin this summer, with plans to open the property in 2023.

The 27-floor building will feature 343 guest rooms and suites, as well as five floors of office space.

The top storeys will offer a lounge, bar, gym and restaurant with views of the London skyline. Meanwhile, the lower ground levels will feature a gallery space that will play host to a rotating calendar of exhibitions, as well as cultural and artistic events.

The ground floor will be used for hotel and separate office entry, with escalators leading to a mezzanine for the reception and a second restaurant.

PPHE Hotel Group is also set to open Art’otel properties in the former Battersea Power Station in 2022 and New York City’s West Chelsea district in 2023. The brand already has a presence in Amsterdam, Berlin, Cologne and Budapest.

Commenting on the Hoxton development, Boris Ivesha, president and CEO of PPHE Hotel Group, said: “We are delighted to be expanding our pre-opening works for this flagship project and bring our wholly owned Art’otel brand to an area of London which is known to be a leading cultivator of arts and cultural programmes at a global level.

“Working with the local and art community will be one of our main priorities and we are already committed to the gallery being open to the public for free use throughout the year. We are looking forward to creating long-term value for the brand and to see Art’otel London Hoxton join Art’otel London Battersea Power Station and the recently announced New York City project, which will be [our] first Art’otel outside of Europe.”