PPHE Hotel Group Ltd - Guernsey-registered operator of Park Plaza and art’otel hotels - Refinances debt facility for Park Plaza Victoria London hotel. The new £88 million facility has been arranged by lenders Santander UK PLC and ABN Amro Bank NV. It has a five-year term and a floating interest rate that has been hedged at 3.9%. This compares to 3.4% under the previous facility.
The refinancing is part of a overall programme of hotel refinancing by PPHE. Last month, it refinanced a £95.8 million debt facility from Aareal Bank AG for the Park Plaza London Riverbank hotel.
PPHE also last month launched a strategic review and formal sale process that could result in the acquisition of the company. The review is being led by Rothschild & Co as financial adviser.
Current stock price: 1,760.00 pence
12-month change: up 32%
Copyright 2025 Alliance News Ltd. All Rights Reserved.
