Annual Report and Accounts 2022
Woman in a pool
2022

Building

Momentum Value & Partnerships

Garden

Leadership statements

Chairman

Eli Papouchado

Chairman
READ STATEMENT
President & Chief Executive Officer

Boris Ivesha

President & Chief Executive Officer
READ REVIEW
Chief Financial Officer & Executive Director

Daniel Kos

Chief Financial Officer & Executive Director
READ REVIEW
Deputy Chief Executive Officer & Chief Operating Officer

Greg Hegarty

Deputy Chief Executive Officer & Chief Operating Officer
READ REVIEW
Chief Financial Officer & Executive Director

Inbar Zilberman

Chief Corporate & Legal Officer
READ REVIEW

What’s in this report

Couple outside

OUR NEW OPENINGS AND PROPERTY UPGRADES

Standing tall at 27 floors, art'otel London Hoxton will be an iconic flagship for the art'otel brand.

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Art room

About us

Creating valuable memories for our guests and value for our assets, people and local communities.

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Photoshoot with artsy studio
Hotel pool

Strategy in action

Our strategic framework is built across a series of distinct objectives, supported by PPHE’s pillars and enablers.

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Colleagues smiling
Woman smiling

RESPONSIBLE BUSINESS

2022 was the year in which we amplified our responsible, sustainable business planning efforts.

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Painting

ATTRACTIVE BRANDS

As independent property owners, our approach is to select the brand for each of our properties which we believe will generate most value.

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Tall building

Business review

We continued to make strong strategic progress against our key priorities in 2022.

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Highlights

In this dashboard we present the most important highlights and business developments of the 2022 reporting year.

total revenue
£ 330.1 m
Normalised profit before tax
£ 8.3 m
Adjusted EPRA EPS
50 p
Property value
£ 2.0 bn
EBITDA
£ 94.6 m
EPRA NRV per share
£ 25.17
Occupancy
60.0 %
Average room rate
£ 160.4
RevPAR
£ 96.2