art'otel Battersea Power station
14 June 2022
PPHE Hotel Group Limited
("PPHE Hotel Group", "PPHE" or the "Company")
First UK art'otel to open at Battersea Power Station in 2022
PPHE Hotel Group, the owner, developer and operator of £1.8 billion of international hospitality assets, is pleased to announce the opening later this year of art'otel London Battersea Power Station, the UK's first art'otel.
The hotel, which is owned by Battersea Power Station Development Company, will be operated by PPHE's hospitality operating platform under a management agreement and is the first of several new art'otels to open in London, Rome, Zagreb and Pula (Croatia).
PPHE's operating platform is fully scalable and is designed to grow through managing fully or jointly owned real estate. The platform provides best in class revenue management and a flexible contract structure for asset owners.
art'otel London Battersea Power Station will be located within Battersea Roof Gardens, a new building designed by Foster + Partners forming a key part of Electric Boulevard, a collection of buildings comprising homes, offices and a new high street which sits to the south of the iconic Power Station. With 164 bedrooms it will feature a new skyline destination restaurant and bar, rooftop swimming pool, as well as a gym, spa, event facilities, a grand café and art gallery.
In keeping with the art'otel brand, the hotel will feature colourful interiors and will be filled with art inspired by the history and heritage of the Grade II listed Power Station. Award-winning Spanish artist and designer, Jaime Hayon, has today been announced as the interior designer and signature artist for the property. Hayon is an acclaimed worldwide designer, with work showcased at high-profile galleries and exhibitions including London's Design Museum, High Museum in Atlanta, Groninger Museum in the Netherlands and Design Museum Holon in Israel.
Boris Ivesha, President & Chief Executive Officer, PPHE Hotel Group, said:
"The highly anticipated opening of art'otel London Battersea Power Station will see our unique art-inspired brand launch in the UK. This provides further evidence of our continued operational and strategic progress since the pandemic, as we continue to position ourselves strongly to take advantage of easing restrictions and the recovery in international travel.
"Our art'otel lifestyle portfolio is strong and we are very much looking forward to introducing the Brand to visitors to London for many years to come."
Simon Murphy, Chief Executive Officer, Battersea Power Station Development Company, said:
"2022 is an incredibly exciting year for Battersea Power Station as we prepare to open the Grade II listed Power Station and Electric Boulevard to the public from September onwards, of which the art'otel forms an integral part.
"When the art'otel opens later this year, it will be a unique place to stay and dine with its stunning rooftop swimming pool overlooking the Power Station's famous four chimneys and art-inspired Hayon interiors, as well as adding another dimension to this vibrant destination that is forming here on the banks of the River Thames."
Enquiries:
|
PPHE Hotel Group Limited |
|
|
Daniel Kos, Chief Financial Officer & Executive Director |
|
|
Robert Henke Executive Vice President of Commercial Affairs |
Tel: +31 (0)20 717 8600 |
|
Hudson Sandler |
|
|
Lucy Wollam / Charlotte Cobb / Nick Moore |
Tel: +44 (0)20 7796 4133 Email: pphe@hudsonsandler.com |
Notes to Editors
About PPHE Hotel Group
PPHE Hotel Group is an international hospitality real estate company, with a 1.8 billion portfolio (valued as at December 2021), of primarily prime freehold and long leasehold assets in Europe.
PPHE's business model is highly differentiated and owns, co-owns, develops, leases, operates and franchises hospitality real estate. PPHE has a well-established track record of delivering superior NAV growth through a disciplined and highly targeted approach to capital allocation and capital recycling across the entire hospitality asset value chain. The PPHE portfolio includes full-service upscale, upper upscale and lifestyle hotels in major European gateway cities and regional centres, as well as hotel, resort and campsite properties in select resort destinations. The Group's strategy is to grow both the value of the asset portfolio and the hospitality management operating platform without diluting equity shareholders.
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 a Guernsey registered company with shares listed on the London Stock Exchange. 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.
About art'otel
A contemporary collection of lifestyle hotels, each inspired by a Signature Artist, forming a cultural, gastronomic and social hub in the most creative areas of the most interesting cities, filled with warm, welcoming, helpful team members and discerning, cosmopolitan guests, buzzing with life all year round, in buildings as striking and individual as the stunning art they host.
art'otel London Battersea Power Station will be the UK's first art'otel, with art'otel London Hoxton following in 2024.
art'otel's entire concept focuses on original art displayed from one Signature Artist throughout the hotel's guest rooms and public areas.
art'otels can be found in Amsterdam, Berlin, Budapest, Cologne and soon in London, Pula, Rome and Zagreb.
For more information about art'otel London Battersea Power Station, please visit:
www.artotellondonbattersea.com
Follow @artotel to keep up to date with the latest news and events
Company websites
www.pphe.com
www.arenahospitalitygroup.com
For reservations
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
COMPANIES COVERED:
Latest directors dealings
- 5 minutes ago Oxford Instruments
- 56 minutes ago Sabre Insurance Group
- 1 hour ago Moneysupermarket.com Group
- 1 hour ago BioPharma Credit
- 1 hour ago Coca-Cola HBC AG (CDI)