PPHE Hotel Group Limited, formerly Park Plaza Hotels Europe, is an international hospitality real estate group. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

PPHE Hotel Group
Traded asLSEPPH
IndustryHospitality and real estate
HeadquartersGuernsey (registered office)
Key people
Eli Papouchado, Chairman
Boris Ivesha, CEO
Revenue£341.5 million (2018)[1]
£77.3 million (2018)[1]
£43.4 million (2018)[1]


The company was established by Eli Papouchado, an Israeli property developer, in 1989.[2]

It was floated on the Alternative Investment Market in 2007[3] and it signed a contract to open 20 hotels in Russia in 2008.[4]

In 2010, it opened a 1,019-bedroom Park Plaza Hotel at Westminster Bridge in London[5] and, in 2013, it opened a 107-bedroom art’otel branded hotel in Amsterdam.[6]

In 2016 the company announced that the start of construction on the art'otel London Battersea Powerstation and the art'otel London Hoxton.[7]


The majority of the group’s hotels operate under the Park Plaza Hotels & Resorts brand (part of Radisson Hotel Group), over which the Group has exclusive rights in countries in Europe and the middle east.[8]


  1. ^ a b c "Annual Report 2018" (PDF). PPHE Hotel Group. Retrieved 17 June 2019.
  2. ^ "PPHE Hotel Group" (PDF). Edison. 1 May 2019. p. 7. Retrieved 17 June 2019.
  3. ^ "Eli Papouchado to float hotel co Park Plaza in London". Globes. 20 June 2007. Retrieved 17 June 2019.
  4. ^ Jones, Marc (17 April 2008). Bryar, Quentin (ed.). "UK's Park Plaza to open 20 Russian hotels". London. Reuters. Retrieved 4 February 2019.
  5. ^ "800 new jobs at South Bank hotel". London SE1. Retrieved 17 June 2019.
  6. ^ "Amsterdam to welcome art'otel in 2013". Sleeper. 29 November 2012. Retrieved 17 June 2019.
  7. ^ "PPHE to open two London hotels in 2019". Food Service News. 7 April 2016. Retrieved 17 June 2019.
  8. ^ "Park Plaza Merges Europe /Middle East Operations with Partner" (Press release). Scottsdale, Arizona: Park Plaza Worldwide. November 1, 2000. Archived from the original on October 21, 2002. Retrieved January 31, 2019.

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