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Investegate |PPHE Hotel Grp Ltd Announcements | PPHE Hotel Grp Ltd: PPHE unlocks equity through Joint Venture
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Investegate | Company News | Corporate, London Stock Exchange, Regulatory News Headlines PPHE unlocks £113 7 million of equity through a joint venture with Clal Insurance
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PPHE Unlocks £113 7 Million Of Equity Through A Joint Venture With Clal Insurance
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Park Plaza owner PPHE looks forward to strong trading when hotels reopen
PPHE s Holmes Hotel in London © Matthew Shaw
Hotel chain PPHE, which owns the Park Plaza brand, said it expects demand to bounce back when restrictions on tourism are lifted.
The firm said total revenue in the first three months of 2021 had plummeted 89.6 per cent to £5.3m, due to the ongoing impact of coronavirus restrictions.
However PPHE said it had been “encouraged by the early consumer demand for its outdoor hospitality offerings at some of its hotels and the increased levels of enquiries and bookings generally across both leisure and meeting segments”.