Keyword: Park Plaza Hotels & Resorts
PPHE Hotel Group has withdrawn plans for its dividend, commenting that it was in the process of “adopting a set of exceptional operational measures”.
PPHE Hotel Group said that “due to the fast-moving nature of the situation”, it was too early to estimate the impact of COVID-19 on trading.
PPHE reported 3.4% growth in full-year like-for-like Ebitda to £117.4m, crediting the company’s £100m refurbishment programme.
PPHE Hotel Group is to develop a new city centre hotel in Zagreb, Croatia, through its subsidiary Arena Hospitality Group.
PPHE told us that it was seeing a “strong pickup” in London after some caution in the fourth-quarter, as the UK capital continued trade strongly.
The development concludes the company’s more than £100 million, multi-year hotel-investment program in its key markets.
The mobile-first global website, which serves as the platform for Radisson Rewards member, is complemented by the new Radisson Hotels app.
The system is designed to encompass revenue management, property management, business analytics and more, and will debut in hotels next year.
Radisson’s goal is to become one of the top three hotel companies in the world by 2022, and it laid out a step-by-step plan for how it plans on getting there.
This will be the Hawkeye's second property in Minnesota, with a Home2 Suites by Hilton in Eagan set to open by spring 2018.