PPHE Hotel Group Ltd (PPH.L) on Tuesday said that it has entered into an agreement to refinance Park Plaza Victoria London as part of its ongoing programme to secure long-term financing for key assets. The new facility totals 88 million pounds and has been arranged by Santander UK plc and ABN AMRO Bank N.V., the company added.
The Dutch hospitality real estate company said that the facility will replace the existing financing provided by Barings LLC, which is due to mature in the first quarter of fiscal 2026. The refinancing has a five-year term and carries a floating interest rate, with 90 percent of the exposure hedged at an all-in rate of 3.9 percent, it added.
According to PPHE Hotel Group, the facility will be secured by a first legal charge over the hotel, as well as pledges over the company that owns the freehold of the hotel and its related operating subsidiaries.
Completion of the refinancing is subject to the fulfilment of certain conditions, with funding expected to take place on December 18, the company said in an official statement.
On the LSE, PPH.L is trading at 1,768.00 pence on Tuesday, up 8.00 pence or 0.45 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.