# PPHE hotel group investors consider stake sale

By Dan Coatsworth — 2025-11-14

Dan Coatsworth, head of markets at AJ Bell, said: “In the years running up to the pandemic PPHE was a solid stock market performer as the Park Plaza hotels brand, for which it is the master franchise, resonated with travellers and underpinned strong growth for the business.

“However, the intervention of the pandemic had a dramatic impact on PPHE, like it did many of its peers.

“Beyond an initial recovery, the shares have struggled to make much progress.

“PPHE is something of an outlier in the sector as it owns most of its hotels outright rather than just operating them.

“This is the context for reports its biggest shareholders are considering taking the company private.

“Founder Eli Papouchado and President Boris Ivesha collectively own around 44 per cent of the hotel group.

“They’ve confirmed an intention to consider options, from putting more money into the business to selling down some of their investment.

“If the business is failing to resonate with other investors, it will understandably provoke questions about the costs and complications of maintaining a stock market listing and whether PPHE might be better off taken private.”

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