8 February
2024
PPHE Hotel Group
Limited
("PPHE",
the "Group" or the "Company")
Appointment of Greg Hegarty
as Co-Chief Executive Officer
PPHE Hotel Group, the international
hospitality real estate group which develops, owns and operates
hotels and resorts, is pleased to announce the appointment of Greg
Hegarty as Co-Chief Executive Officer (Co-CEO) of the Company with
immediate effect.
Greg has been with the Group for 18
years in various leadership positions and was appointed as Chief
Operating Officer of the Group in 2019 and Deputy Chief Executive
Officer & Chief Operating Officer in 2020. During this time, he
has held overall responsibility for creating and implementing the
Group's operational strategies, including Operations, People &
Culture and Commercial, while driving PPHE's corporate vision and
growth strategy. He was appointed an Executive Director of the
Company and joined the Board in May 2023. He has almost three
decades of experience in the wider hospitality sector.
Prior to joining the Group, Greg
held senior management roles at recognised brands and
owner/operators such as Clermont Hotel Group (formerly GLH /
Thistle Hotels) and RBH (formerly Redefine BDL Hotels). He
holds a Masters' Degree in Business Administration (MBA) and has
further shown his commitment to the hospitality industry by
becoming a Fellow of the Institute of Hospitality and Master
Innholder.
Greg will assume his Co-CEO role
alongside Boris Ivesha, the Company's long-serving President &
CEO. He will manage the day-to-day running of the business as well
as have a key role in defining and implementing the Group's
long-term strategy as it continues in its current phase of
significant growth. He will also continue to be responsible for the
Group's ongoing proactive engagement with shareholders. Boris
Ivesha will continue to focus on pursuing growth and development
opportunities for the Group, including concept creation.
Greg Hegarty, incoming Co-CEO, PPHE Hotel Group
commented:
"I am delighted to have been
appointed as Co-CEO and look forward to continuing to lead the
Group in its long-term strategic objectives. PPHE is in a very exciting phase of growth, building on its
strong footprint of Park Plaza hotels while also completing and
opening several large pipeline projects across capital cities
including London, Belgrade, Berlin, Rome, and across different
market segments and brands including art'otel and Radisson
RED.
Our continued growth is a testament
to both the Company's strong corporate vision and unique business
model, as well as the hard work and dedication of our teams around
the world, who remain fundamental to our success and our customer
proposition."
Boris Ivesha, President & CEO, PPHE Hotel Group
commented:
"Greg's appointment to Co-CEO
provides important additional leadership support for the Group, as
we deliver the latest phase of our exciting growth trajectory. His
appointment is in keeping with the Group's longstanding emphasis on
promoting internal talent and intra-group mobility, and we are very
proud of his progression since joining PPHE. With his breadth of
experience and knowledge, Greg has made a vital
contribution to the Company's success over the last decade, and I
look forward to continuing to work closely with him in his new
role."
- Ends -
Enquiries:
PPHE Hotel Group Limited
|
Tel: +31 (0)20 717 8600
|
Daniel Kos, Chief Financial Officer
& Executive Director
|
|
Robert Henke, Executive Vice
President of Commercial Affairs
|
|
Hudson Sandler
|
Tel: +44 (0)20 7796 4133
|
Wendy Baker / Charlotte Cobb / India
Laidlaw
|
pphe@hudsonsandler.com
|
Notes to Editors:
PPHE Hotel Group is an international
hospitality real estate company, with a £2.0 billion portfolio,
valued as at December 2022 by Savills and Zagreb nekretnine Ltd
(ZANE), of primarily prime freehold and long leasehold assets in
Europe.
Through its subsidiaries, jointly
controlled entities and associates it owns, co-owns, develops,
leases, operates and franchises hospitality real estate. Its
portfolio includes full-service upscale, upper upscale and
lifestyle hotels in major gateway cities and regional centres, as
well as hotel, resort and campsite properties in select resort
destinations. The Group's strategy is to grow its portfolio of core
upper upscale city centre hotels, leisure and outdoor hospitality
and hospitality management platform.
PPHE Hotel Group benefits from
having an exclusive and perpetual licence from the Radisson Hotel
Group, one of the world's largest hotel groups, to develop and
operate Park Plaza® branded hotels and resorts in Europe, the
Middle East and Africa. In addition, PPHE Hotel Group wholly owns,
and operates under, the art'otel® brand and its Croatian subsidiary
owns, and operates under, the Arena Hotels & Apartments® and
Arena Campsites® brands.
PPHE Hotel Group is a Guernsey
registered company with shares listed on the London Stock Exchange.
PPHE Hotel Group also holds a controlling ownership interest in
Arena Hospitality Group, whose shares are listed on the Prime
market of the Zagreb Stock Exchange.
Company websites:
www.pphe.com | www.arenahospitalitygroup.com
For reservations:
www.parkplaza.com
| www.artotel.com
| www.arenahotels.com
| www.arenacampsites.com