14th Nov 2025 14:04
(Alliance News) - PPHE Hotel Group Ltd on Friday confirmed that it is now considered to be in an "offer period".
The Amsterdam-based operator of Park Plaza and Art'otel hotels, among other brands said it has not received any offer after its biggest shareholders earlier on Friday announced they are considering options such as a partial monetisation of their stakes or contributing growth capital.
Founder Eli Papouchado and PPHE President Boris Ivesha collectively own approximately 44% of the voting rights of PPHE, the Amsterdam-based operator behind the Park Plaza and Art'otel hotels.
Papouchado and Ivesha's response followed a story by Bloomberg on Thursday that reported Papouchado and Ivesha were considering options, including a potential move to take the company private.
Papouchado and Ivesha said they are not in discussions with any parties nor are they in receipt of any offer for their collective stake.
The announcement was made without the knowledge of PPHE, according to the two shareholders.
They added that there is "no certainty that any such offer will be made" and that a "further announcement will be made when appropriate".
PPHE Hotel shares were 17% higher at 1,762.00 pence each on Friday afternoon in London.
By Roya Shahidi, Alliance News reporter; updated by Tom Budszus, Alliance News slot editor
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