IN BRIEF: PPHE Hotel buys back freehold interest in Waterloo hotel
2nd Mar 2026 12:56
PPHE Hotel Group Ltd - Guernsey-registered operator of Park Plaza and art'otel hotels - Agrees to repurchase the freehold interest in Park Plaza London Waterloo for GBP147.9 million. The acquisition follows a 2017 sale and leaseback of the 494-room hotel for GBP161.5 million, which included a 199-year lease with annual rent currently at GBP7.3 million, rising in line with the retail price index. Says GBP136.5 million of the purchase price will be funded through a new debt facility secured on the property, with the balance from existing cash resources. Transaction expected to close in the coming months. Says deal protects the group from future rental uplifts and increases freehold exposure within its portfolio. Read More