PPHE Hotel’s Owners Said to Weigh Taking Park Plaza Firm Private

PPHE Hotel Group Ltd.’s biggest shareholders are considering options for the real estate company behind Park Plaza Hotels in Europe, including a potential move to take it private, people with knowledge of the matter said.

Founder Eli Papouchado and PPHE President Boris Ivesha are working with advisers and have approached some buyout firms about the possibility of taking the London-listed company back into private ownership, said the people, who asked not to be identified discussing confidential information.

Shares of PPHE, formerly known as Park Plaza Hotels Ltd., have gained about 6% in London this year to give the company ...