PPHE to open Radisson RED hotel in Tower Bridge
🏨 UK, 2025: PPHE Hotel Group acquires a 13,000 sqm site near Tower Bridge for £90 million, including £17.5 million for the site. A Radisson RED hotel with 182 rooms, a restaurant, bar, gym, and 41,000 sqft of office space is set to open in 2029, targeting a BREEAM ‘Excellent’ rating. Expected high single-digit annual yield. Second acquisition by PPHE's hospitality fund includes financing for construction post-approval.
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