Acquisition of freehold site
(WorldNews Netherlands)

PPHE Hotel Group Limited (`PPHE Hotel Group` or the `Group`) Acquisition of freehold site PPHE Hotel Group, the international hospitality real estate group which owns, co-owns and develops hotels, resorts and campsites, is pleased to announce that it has acquired the freehold interest in a site located in London SE1 (the `Site`) with a view to developing the Site into a hotel, subject to planning permission being obtained. The Site was acquired from a third party seller at a total investment of £12 million (excluding taxes and associated costs) funded from the Group`s existing cash. The Group acted quickly to secure this attractive...