PPHE Hotel Group (PPH) 2007年年度报告「LSE」.pdf

1、P A R K P L A Z A H O T E L SAnnual Report 2007P A R K P L A Z A H O T E L Sroom for growthContents and introductionContentsStrategy statement and financial highlights 1Park Plaza Hotels at a glance 2Chairmans statement 6President and CEOs statement and operational review 8Strategic plan and develop

2、ment 12Market review 16Board of Directors 20Corporate governance 21Major shareholders 24Corporate social responsibility 25Showcase 07 28Financial statements 38Auditors report 87Notice of AGM 88Useful contacts 89Welcome to Park Plaza Hotels.This is our first Annual Report as a listed company but our

3、experience and success in every aspect of hotel ownership and management dates back to 1989.Today Park Plaza Hotels&Resorts,and our distinctive artotels,are recognised centres of stylish and affordable luxury accommodation.Strategy statement and financial highlightsOur objective is to become the lea

4、ding hotel owner/operator in the four-star deluxe and boutique hotel markets in Europe,the Middle East and North Africa.In 2007 we made considerable progress in achieving that goal.Highlights of the year included:24.4%growth in EBITDA1 to 28.4 million An increase in Group revenues1 by 10%to 97 milli

5、on Floatation on the London Stock Exchanges Alternative Investment Market(AIM),which raised 85 million before costs through a placing with new institutional investors Expansion of the Groups portfolio,including acquisition of a hotel in Nuremberg and signing of a franchise agreement for a hotel in M

6、arrakech Product improvement with refurbishments in Berlin,Eindhoven and Amsterdam A year-end cash and cash equivalent balance of 120 million,providing the flexibility to expand our hotel portfolio Development of a Group-wide training programme,Connect!,designed to help employees internalise the eth