PPHE Hotel Group welcomes Nigel Keen to its Board as Independent Director

– NETHERLANDS, Amsterdam –  PPHE Hotel Group Limited (LON: PPH), the international hospitality real estate group which develops, owns and operates hotels and resorts, today announced the appointment of Nigel Keen as an independent non-executive director with immediate effect. Nigel will sit on the Audit, Remuneration and Nomination Committee.

“I am delighted to welcome Nigel to the Board of PPHE. Nigel brings a wealth of property experience from leading blue-chip companies, which will be invaluable as we continue to expand our property capability and build out our development pipeline of over £300m. As a highly experienced FTSE 250 non-executive director, Nigel’s appointment demonstrates our ongoing commitment to further strengthen the corporate governance of the Company for the benefit of all stakeholders,” said Eli Papouchado, Chairman of PPHE.

About Nigel Keen

A qualified Chartered Surveyor, with over 35 years of property expertise from site acquisition through to asset management, Nigel headed-up the property teams at leading blue-chip companies Tesco and The John Lewis Partnership. Nigel started his career at Tesco where he oversaw the supermarket’s rapid expansion in the 1990s, rising to the position of Construction Director.

Following ten years at Tesco, Nigel joined The John Lewis Partnership in 1999 as Property Director. During his 18 year tenure Nigel built-out an in-house property team and established the infrastructure that enabled both the Waitrose and John Lewis brands to roll out across the UK. Appointed to the Waitrose Board in 2003, which he served on for 15 years, Nigel was a key member of the Board that grew sales from £1.5bn to £7bn, overseeing a more than doubling of the store estate.

Nigel is a non-executive director of FTSE 250 constituent Vistry Group PLC and the construction company RG Carter. Nigel chairs the Vistry Remuneration Committee as well as sitting on both the Audit and Nominations Committees. For RG Carter Nigel chairs the Audit Committee. Nigel is also Deputy Chairman at the Maudsley Mental Health Charity.

The appointment of Nigel, as well as Kenneth Bradley in September 2019, forms part of a wider commitment by the Company following last year’s Annual General Meeting and ongoing shareholder engagement, to strengthen corporate governance and the Board with fresh independent talent. Following Nigel’s appointment, the Board now includes four independent non-executive directors. Nigel Jones will step down at the forthcoming Annual General Meeting at which time the Board will include three independent non-executive directors.

About PPHE Hotel Group

PPHE Hotel Group is an international hospitality real estate company, with a £1.7 billion portfolio, valued as in the summer of 2018 by Savills and Zagreb nekretnine Ltd, 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 primary focus is 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.

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 one of the largest owner/operators of hotels in central London and its property portfolio comprises of 37 hotels and resorts in operation, offering a total of approximately 8,800 rooms and 8 campsites, offering approximately 6,000 units. PPHE Hotel Group’s development pipeline includes two new hotels in London and one in New York City which are expected to add an additional 600 rooms by the end of 2022/2023.

PPHE Hotel Group is a Guernsey registered company with shares listed on the London Stock Exchange and a constituent of the FTSE 250. 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.

For more information: https://www.pphe.com

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