PPHE Hotel Group Advances Share Buy-Back Plan

PPHE Hotel (GB:PPH) has released an update.

PPHE Hotel Group Limited has actively purchased 8,344 of its own ordinary shares on the London Stock Exchange as part of an ongoing share buy-back programme, with shares being acquired at prices ranging from 1,155.00p to 1,160.00p. After this transaction, the company holds over 2.5 million shares in treasury. PPHE Hotel Group, which holds a portfolio valued at £2.2 billion, operates under various brands including Park Plaza and art’otel, with a strategy focused on expanding its upper upscale city center hotels and leisure properties.

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