PPHE Hotel Group Ltd (PPH)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

1,325.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 1,495.00
  • 52 Week Low: 1,130.00
  • Currency: UK Pounds
  • Shares Issued: 41.79m
  • Volume: 24,829
  • Market Cap: £553.71m
  • RiskGrade: 183
  • Beta: 0.56

PPHE gets planning approval for Lambeth North hotel project

By Josh White

Date: Tuesday 13 Aug 2024

LONDON (ShareCast) - (Sharecast News) - PPHE Hotel Group announced the receipt of planning approval for a new mixed-use hotel-led development on London's South Bank on Tuesday.
The FTSE 250 hospitality operator said the project, which followed a successful public inquiry, would feature a 15-storey, design-led hotel with 186 rooms, marking its fifth hotel in the Waterloo area.

It said the development, on Westminster Bridge Road opposite Lambeth North Station, would offer hotel accommodation as well as two floors of office and light industrial space.

The ground floor would include a flexible public area, with an all-day dining bar and café, aimed at attracting both tourists and local residents.

Sustainability was said to be a key focus of the project, with the building targeting a BREEAM 'Excellent' environmental accreditation.

The development would take place on a former brownfield site, which PPHE purchased for £12m in 2019, with detailed designs for the project currently being finalised.

Further updates regarding the investment and project timeline were expected in the near future.

"The development will combine lifestyle hotel rooms with welcoming office, leisure and creative spaces for the benefit of the entire community," said the company's president and chief executive officer, Boris Ivesha.

"This is a hugely exciting project for the group, located close to some of London's most exciting landmarks.

"This development will further enhance the Group's strong presence on London's South Bank and add to our high quality, well-located London portfolio which will increase to 3,900 rooms as a result."

At 1107 BST, shares in PPHE Hotel Group were down 0.33% at 1,330.55p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PPH Market Data

Currency UK Pounds
Share Price 1,325.00p
Change Today 10.00p
% Change 0.76 %
52 Week High 1,495.00
52 Week Low 1,130.00
Volume 24,829
Shares Issued 41.79m
Market Cap £553.71m
Beta 0.56
RiskGrade 183

PPH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.31% below the market average57.31% below the market average57.31% below the market average57.31% below the market average57.31% below the market average
21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average21.57% below the sector average
Price Trend
30.92% above the market average30.92% above the market average30.92% above the market average30.92% above the market average30.92% above the market average
1.89% above the sector average1.89% above the sector average1.89% above the sector average1.89% above the sector average1.89% above the sector average
Income
10.57% below the market average10.57% below the market average10.57% below the market average10.57% below the market average10.57% below the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Growth
96.20% above the market average96.20% above the market average96.20% above the market average96.20% above the market average96.20% above the market average
95.92% above the sector average95.92% above the sector average95.92% above the sector average95.92% above the sector average95.92% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PPH Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Sep-24 25-Apr-24
Paid 15-Oct-24 31-May-24
Amount 17.00p 20.00p

Trades for 06-Dec-2024

Time Volume / Share Price
16:35 6,089 @ 1,325.00p
16:35 179 @ 1,325.00p
16:35 22 @ 1,325.00p
16:35 116 @ 1,325.00p
16:35 58 @ 1,325.00p

PPH Key Personnel

CFO Daniel Kos

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