Type Public Industry Hospitality Net income €21.8 million (2013) Revenue 245 million EUR (2013) Founded 1989 | Traded as AIM: PPH Operating income Headquarters Netherlands Number of employees 2,500 | |
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Key people Eli Papouchado, Chairman
Boris Ivesha, CEO Stock price PPH (LON) 800.00 GBX +5.00 (+0.63%)23 Mar, 9:38 AM GMT - Disclaimer Profiles | ||
Park Plaza Hotels Limited (AIM: PPH) is the owner, operator and franchisor of hotels in Europe, the Middle East and Africa. The company is based in St Peter Port, Guernsey, Channel Islands. The majority of the group’s hotels operate under the Park Plaza Hotels & Resorts brand (part of Carlson Hotels Worldwide), over which the Group has exclusive rights in 56 countries in EMEA, or art’otel, a brand which the company fully owns. Park Plaza Hotels also manages the all-suite Plaza on the River.
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History
The group opened its first hotel, Park Plaza Mandarin, in Eindhoven, The Netherlands, in 1989. Victoria Hotel Amsterdam (later renamed as Park Plaza Victoria Amsterdam), a historical landmark built in 1890, became the companies' second hotel. In 2000 Park Plaza Hotels acquired the master franchise for the Park Plaza Hotels & Resorts brand from Park Plaza Worldwide, for the EMEA region.
Park Plaza Hotels started to manage the art’otels in 2000, and acquired full ownership of the brand in 2007.
In 2002 the first Chino Latino Restaurant & Bar, offering a mix of pan-Asian cuisine and Latin cocktails, opened at Park Plaza Nottingham; it was later followed by a Chino Latino at Park Plaza Leeds (2003) and Park Plaza Riverbank London (2005). The first Chino Latino outside of the United Kingdom opened in 2010 at the art’otel cologne.
Management
There are currently more than 39 hotels and aparthotels, with nearly 9,000 guest rooms in the Group’s portfolio. Developments are expected to add approximately 200 new rooms to the portfolio in 2017 and an additional 500 rooms by the end of 2019.
Recent projects include art’otel cologne (2010), Park Plaza Westminster Bridge London (2010), art’otel amsterdam (2011), Park Plaza Nuremberg (Opened 2016), Park Plaza London Waterloo (Opened 2016), Park Plaza London Park Royal (Opening 2017), art'otel Hoxton (Opening 2018) and art'otel Battersea (Opening 2019).
Park Plaza Hotels’ shares are admitted for trading on London’s Alternative Investment Market.