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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
PPHE reaps the benefits of investment in its hotels

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
PPHE Hotel (PPH) has continued to enjoy strong share price gains, driven by positive trading updates and bullish broker comment.
It has reported 6.7% growth in like-for-like total room revenue for 2018, driven by improved trading across all its operating regions. The good performance also benefited from a site in Amsterdam being renovated and having its full room inventory available once more, plus the benefits of refurbishment at two London hotels which were completed in 2017.
FinnCap analyst Guy Hewett says there is potential to ‘significantly enhance’ asset values in Amsterdam and Croatia via investment, helping to attract more tourists and drive up room rates.
Berenberg analyst Ned Hammonds is also positive, saying: ‘PPHE stated that its EPRA net asset value per share was £24.21 at the end of June. We think it will have increased slightly over the remainder of 2018, partly due to the extension of Park Plaza London Riverbank.
‘In addition, we believe the current refurbishment projects and the development of art’otel London Hoxton have the potential to create further value over time. On top of this, PPHE continues to focus on acquisition opportunities that could drive additional growth and create value.’
SHARES SAYS:
We remain optimistic about PPHE’s prospects thanks to its pipeline and strategy to boost the value of its assets by refurbishing existing properties.
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Shares is provided for your general information and use and is not a personal recommendation to invest. It is not intended to be relied upon by you in making or not making any investment decisions. The investments referred to in these articles will not be suitable for all investors. If in doubt please seek appropriate independent financial advice.
Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
The value of your investments can go down as well as up and you may get back less than you originally invested. We don't offer advice, so it's important you understand the risks, if you're unsure please consult a suitably qualified financial adviser. Tax treatment depends on your individual circumstances and rules may change. Past performance is not a guide to future performance and some investments need to be held for the long term.
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