PPHE has received a £930m acquisition offer from the Israeli hotel group, Fattal.

The offer comprises £22 per PPHE ordinary share, which represents a 47% premium on PPHE’s closing share price on 13 November, which is the last business day prior to the firm noting certain shareholders’ intentions to meet potential investors.

PPHE, which is listed on the FTSE 250, owns hotels across the UK, Croatia, the Netherlands and Germany, including brands such as Park Plaza. As of December 2025, its asset portfolio was valued at approximately £2.2bn.

However, Fattal said that the announcement does not amount to a firm intention to by the company, and it has been granted a dispensation from the panel on takeovers and mergers to not be subjected to the 28 day deadline outlined in takeover rules.

Following the announcement, shares in PPHE jumped by over 23%.

Investment director at AJ Bell, Russ Mould, said the FTSE listed firm is getting a "favourable hearing" while operating in a "tricky environment for the hospitality sector".

He concluded: "PPHE effectively put a for sale sticker on itself last year as its stock market valuation continually lagged the worth of its hotel assets. Unlike some peers, PPHE typically owns its hotels rather than operating an asset-light franchise model.

"There are some regulatory hoops to jump through, and it is worth noting that, while the bid from Israel’s Fattal Hotel Group is at a significant premium to the undisturbed share price, it is still at a chunky discount to the estimated value of PPHE’s properties.

"However, it seems likely that shareholders, and most significantly the founders Eli Papouchado and Boris Ivesha who hold 44% of the stock, will come to an agreement."

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