Pphe Hotel Group makes its debut in Italy with the acquisition of the Londra & Cargill Hotel in Rome for €34.5 million. The new Eternal City property has 101 rooms and suites as well as a restaurant, bar, meeting rooms and private parking. Pphe Hotel's goal is to reposition the property as a high-end lifestyle hotel, reopening in early 2023.
Developing Radisson Group brands
Pphe Group is an investment, development and management company listed on the London Stock Exchange, with a portfolio value of £1.7 billion. It also enjoys an exclusive, open-ended contract with the Radisson Hotel Group for the development and management of Park Plaza branded hotels in the EMEA (Europe, Middle East and Africa), and is also active with its own brands Arthotel, Arena Hotels & Apartments and Arena Campsites.
