PPHE Hotel Group: Portfolio, Hotels & CEO Explained

PPHE Hotel Group operates as an integrated hospitality real estate company whose portfolio of primarily freehold and long-leasehold assets is valued at approximately £2.2 billion, spanning multiple European markets under its own brands and the Park Plaza franchise. This explainer covers the group’s hotel count, what its name means, and who leads a company that has grown from a single Dutch property into a publicly listed platform on the London Stock Exchange.

Last checked: 2026-06-06

Headquarters: London, United Kingdom · Total portfolio value: £2.2 billion · Stock ticker: PPH (London Stock Exchange) · Former name: Park Plaza Hotels Europe

How many hotels does PPHE have?

PPHE Hotel Group’s multi-brand portfolio spans multiple European countries, with hotels under both its proprietary brands and the Park Plaza franchise. The group operates properties across the United Kingdom, the Netherlands and Germany, alongside further hotels in Hungary, Croatia, Italy, Austria and Serbia. PPHE describes itself as an integrated hospitality real estate group using its established portfolio and network to grow the number of hotels and brands while seeking to increase profitability through revenue growth and operating efficiencies.

The group operates a hybrid owner-operator model, holding hotel real estate directly while also running hotel operations under master franchise agreements and its own branded platforms. This structure differs from asset-light operators who lease properties to third parties, and from pure-play hotel REITs that typically outsource day-to-day management. PPHE describes itself as an owner-operator of hotels and master franchisee for Radisson Hotel Group’s Park Plaza brand, while also developing and operating its own brands art’otel and Arena Hotels & Apartments. The group intends to use its established portfolio and network to grow the number of hotels and brands in its portfolio, increase profitability through revenue growth and optimise operating efficiencies.

What does PPHE stand for?

PPHE stands for Park Plaza Hotels Europe, a name the group used before rebranding to PPHE Hotel Group to reflect its broader scope beyond a single brand. The legal entity formerly operated as Park Plaza Hotels Ltd. Today, the group maintains the Park Plaza brand through a master franchise relationship with Radisson Hotel Group while expanding its proprietary brand portfolio.

CoStar’s analysis describes PPHE as an international hospitality company whose high-quality portfolio of hotels and resorts is primarily located in Europe. The group describes itself as an integrated hospitality real estate group with a portfolio of primarily prime freehold and long-leasehold assets in Europe. This rebranding from Park Plaza Hotels Europe to PPHE Hotel Group signals the company’s evolution from a single-brand hotel operator into a diversified hospitality real estate platform that owns, develops and operates multiple brands across multiple markets.

Who is Boris Ivesha?

Boris Ivesha serves as President and Chief Executive Officer of PPHE Hotel Group, providing overall executive leadership to the business. His tenure at the company extends back to at least June 2007, giving him more than 18 years of continuous leadership at the group’s helm. An investor-facing profile from Simply Wall St reports that Ivesha directly owns approximately 11% of the company’s shares, aligning his personal financial interests with those of shareholders. His total yearly compensation is reported at approximately £779,000, with roughly 73.5% in salary and the remainder in bonuses, stock and options.

PPHE’s corporate governance framework explicitly separates oversight by the Board from day-to-day management, with the CEO and executive team responsible for implementing strategy and managing risk within parameters set by the Board. The President and Chief Executive Officer provides the executive leadership the business needs. Ivesha is supported by a C-suite including the Chief Financial Officer, a Co-Chief Executive Officer and other functional leaders who execute the group’s portfolio strategy across its European markets.

“The President & Chief Executive Officer provides the executive leadership the business needs.”

— PPHE Hotel Group, Corporate Governance statement

Who is the CEO of PPHE?

PPHE Hotel Group’s current leadership structure features Boris Ivesha as President and Chief Executive Officer and Greg Hegarty as Co-Chief Executive Officer. This dual chief executive arrangement places Ivesha at the top of the executive hierarchy while Hegarty shares operational leadership responsibilities. The management page lists both executives with their respective titles, indicating a shared top leadership structure designed to distribute strategic and operational duties across the executive team.

Daniel Kos serves as Chief Financial Officer and has provided public commentary on the group’s strategic direction. In media commentary, PPHE’s CFO has described the company as remaining upbeat on its future and the state of the global hotel market while staying the course on its portfolio strategy as an owner-operator with selective development. This executive team oversees a portfolio valued at approximately £2.2 billion across multiple European markets, implementing the group’s growth strategy through both its owned brands and the Park Plaza franchise relationship with Radisson Hotel Group.