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PPHE Hotel Group Ltd - Amsterdam-based hotel owner and operator - Extends its 20-year partnership with Radission Hotel Group, the Minnesota, US-based hotel chain.
Under the agreement, PPHE will be able to access and leverage all of Radission's brands to support the growth of its own property portfolio. In return, Radisson will have access to PPHE's art'otel and Park Plaza brands in certain regions, primarily outside of PPHE's core markets.
PPHE will be entitled to fee-based income for the use of its brands as a result. The first hotel to launch under the partnership is expected to open in May.
Current stock price: 1,444.00 pence, up 1.0% in London
12-month change: down 17%
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