The proposed sale and leaseback of Park Plaza Waterloo, the largest London hotel opening in 2017, is impressive testimony to the success of the PPHE business model. Its endorsement as developer and asset owner is evident not only in an effective c 100% return in just four years but in its reinforcement of 2016 market valuations of other key assets. Moreover, a long-term lease on attractive terms (low yield of 3.5%) retains interest in this positive complement to its unmatched South Bank
04 Jul 2017
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PPHE Hotel Group Limited (PPH:LON) | 1,402 0 0.0% | Mkt Cap: 589.9m
- Published:
04 Jul 2017 -
Author:
Richard Finch -
Pages:
2
The proposed sale and leaseback of Park Plaza Waterloo, the largest London hotel opening in 2017, is impressive testimony to the success of the PPHE business model. Its endorsement as developer and asset owner is evident not only in an effective c 100% return in just four years but in its reinforcement of 2016 market valuations of other key assets. Moreover, a long-term lease on attractive terms (low yield of 3.5%) retains interest in this positive complement to its unmatched South Bank