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PPHE Hotel Group Ltd on Monday said it entered into an agreement to fund the acquisition of the freehold interest in Park Plaza London Waterloo. The Guernsey-registered operator of Park Plaza and art’otel hotels said the new £136.5 million facility has an initial two-year term with the right to extend subject to certain conditions. The new facility is with Bank Hapoalim BM, with the funding expected to take place in the coming months. The facility bears a floating interest rate of which around 90% will be hedged. Chief Financial Officer Daniel Kos said: ‘We are pleased to have entered into a new facility with Bank Hapoalim, which has been a strategic partner for several decades, enabling us to acquire the freehold interest in our flagship Park Plaza London Waterloo hotel, located on London’s thriving South Bank. ‘Opportunities to acquire marquee London assets like this do not come along often, so we are delighted to have full ownership over the property. Over the term this new debt facility is expected to be earnings accretive, removing a growing future lease liability and reducing our exposure to inflation risk.’ PPHE Hotel shares fell 3.3% to 1,618.00 pence each on Monday morning in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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