Hotel real estate group PPHE is inching back to pre-Covid performance with a rise in revenue.
The group, which is currently working on its new art’otel in Hoxton, said that total revenue for the quarter had risen to £75.7m, a 142% improvement on the same quarter last year. However, that is still a fair way behind the £121m brought in for the three months to 30 September 2019.
Occupancy has also risen to 54.3% from last year’s 29.8%, but is again far short of 2019’s 86.7%.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
