PPHE Hotel Group Explores Strategic Options

PPHE Hotel Groups shares surged by 11% following reports of strategic options exploration by founders Eli Papouchado and Boris Ivesha. The companys property portfolio, valued at £2.2 billion, is significantly higher than its current market capitalization of £628 million. Recent changes in ownership, including an 8% stake by Israeli hotelier David Fattal and Keren Brosh, have added pressure for potential shifts. Despite economic challenges, PPHEs shares are expected to remain stable due to strong assets and manageable debt.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.