16th Dec 2025 13:20
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 GBP88 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 GBP95.8 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.
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By Tom Waite, Alliance News editor
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