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PPHE Hotel ( (GB:PPH) ) has shared an announcement.
PPHE Hotel Group has announced a change in its board of directors as Eli Papouchado steps down from his role as Non-Executive Chairman amidst an HR-related claim. Ken Bradley will take over as the new Chairman. Papouchado, who has been instrumental in the company’s growth since its inception, is contesting the claim, which involves a company outside of the PPHE Group. This leadership change is significant given Papouchado’s long-standing influence in expanding PPHE’s hotel brands across Europe.
More about PPHE Hotel
PPHE Hotel Group is an international hospitality real estate company with a portfolio valued at £2.2 billion, primarily consisting of prime freehold and long leasehold assets in Europe. The company develops, owns, and operates hotels and resorts, including upscale and lifestyle hotels, and holds an exclusive license from the Radisson Hotel Group for Park Plaza® branded properties in Europe, the Middle East, and Africa. PPHE also owns and operates the art’otel® brand and has a controlling interest in Arena Hospitality Group.
YTD Price Performance: -4.96%
Average Trading Volume: 48,916
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £560M
See more insights into PPH stock on TipRanks’ Stock Analysis page.
