PPHE Hotel Group has reported a rise in revenue and EBITDA for the first half of 2026, driven by increased room rates and a stronger performance across its UK properties.
RevPAR rose by 3.9% to £113.50, supported by a 4.2% increase in average room rate to £157.30, while occupancy remained stable. The business saw a 6.3% increase in EBITDA to £48.4m, reflecting significant revenue growth and a focus on costs helping to offset higher business rates. Overall, its EBITDA margin increased by 40 basis points to 23.1%.
The international hospitality group also highlighted progress on its development strategy during the period, following its acquisition of Park Plaza London Waterloo for £147.9m, funded through a new £136.5m loan facility from Bank Hapoalim. The group said the acquisition is expected to simplify and strengthen the group’s balance sheet while removing a growing rental liability.
PPHE Hotels also entered a new agreement to refinance its loan in relation to art’otel Rome Via Veneto in Italy, with a new five-year facility of €27.6m (£23.67m). Following the period end, the group sold a development site in New York for $33.5m, with the proceeds expected to provide an opportunity to redeploy capital into its core geographic regions.
Looking ahead, the group said trading conditions across its city locations had remained consistent with first-half trends, with its UK properties continuing to perform well. The company said it expects its results for the financial year ending 31 December 2026 to remain in line with market expectations.
Greg Hegarty, co-chief executive of PPHE, said: “While the conclusion of the Strategic Review and Offer period was a significant moment, this has not distracted from our core focus on delivering continued financial progress from our high-quality hotel and leisure assets. We have delivered RevPAR growth and materially higher average room rates, leading to an improved EBITDA performance despite continuing macro and fiscal headwinds.
“The conclusion of the Strategic Review has re-affirmed our strategic priority to maximise shareholder value through a combination of operational delivery alongside balance sheet simplification. Further opportunities remain to enhance value, from within the balance sheet and development pipeline alongside our recently opened hotels as they become increasingly established in their markets. Overall, revenue and EBITDA performance in H1 has been encouraging and the Group continues to trade in line with consensus expectations for FY26.”
PPHE Hotel Group has reported a rise in revenue and EBITDA for the first half of 2026, driven by increased room rates and a stronger performance across its UK properties.
RevPAR rose by 3.9% to £113.50, supported by a 4.2% increase in average room rate to £157.30, while occupancy remained stable. The business saw a 6.3% increase in EBITDA to £48.4m, reflecting significant revenue growth and a focus on costs helping to offset higher business rates. Overall, its EBITDA margin increased by 40 basis points to 23.1%.
The international hospitality group also highlighted progress on its development strategy during the period, following its acquisition of Park Plaza London Waterloo for £147.9m, funded through a new £136.5m loan facility from Bank Hapoalim. The group said the acquisition is expected to simplify and strengthen the group’s balance sheet while removing a growing rental liability.
PPHE Hotels also entered a new agreement to refinance its loan in relation to art’otel Rome Via Veneto in Italy, with a new five-year facility of €27.6m (£23.67m). Following the period end, the group sold a development site in New York for $33.5m, with the proceeds expected to provide an opportunity to redeploy capital into its core geographic regions.
Looking ahead, the group said trading conditions across its city locations had remained consistent with first-half trends, with its UK properties continuing to perform well. The company said it expects its results for the financial year ending 31 December 2026 to remain in line with market expectations.
Greg Hegarty, co-chief executive of PPHE, said: “While the conclusion of the Strategic Review and Offer period was a significant moment, this has not distracted from our core focus on delivering continued financial progress from our high-quality hotel and leisure assets. We have delivered RevPAR growth and materially higher average room rates, leading to an improved EBITDA performance despite continuing macro and fiscal headwinds.
“The conclusion of the Strategic Review has re-affirmed our strategic priority to maximise shareholder value through a combination of operational delivery alongside balance sheet simplification. Further opportunities remain to enhance value, from within the balance sheet and development pipeline alongside our recently opened hotels as they become increasingly established in their markets. Overall, revenue and EBITDA performance in H1 has been encouraging and the Group continues to trade in line with consensus expectations for FY26.”
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The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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