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PPHE Hotel Group Ltd - Guernsey-registered operator of Park Plaza and art’otel hotels - Refinances £95.8 million debt facility from Aareal Bank AG for the Park Plaza London Riverbank hotel. The term is extended to June 2030 from June 2026. The interest rate remains fixed at 3.248% until the original maturity date in 2026. Thereafter, 85% of the loan will have a 5.72% fixed interest rate, while the remainder will have a ‘competitive’ floating interest rate. ‘This extended facility continues our strong relationship with long-standing lender Aareal Bank AG,’ comments PPHE Chief Financial Officer Daniel Kos. ‘The group’s high-quality and stable asset base in key city-centre locations, such as Park Plaza Riverbank in London, enable us to secure long term financing on attractive rates.’ Current stock price: 1,772.00 pence 12-month change: 53% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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