PPHE Hotel Group Limited October opening of art'otel Zagreb
12 Septiembre 2023 - 1:00AM
RNS Non-Regulatory
TIDMPPH
PPHE Hotel Group Limited
12 September 2023
12 September 2023
PPHE Hotel Group Limited
("PPHE" or the "Group")
October opening of art'otel Zagreb, Croatia's first art'otel
PPHE Hotel Group, the international hospitality real estate
group which develops, owns and operates hotels and resorts, is
pleased to announce the opening of the premium lifestyle art'otel
Zagreb in early October 2023. The opening follows the art'otel
brand's successful London debut at Battersea Power Station earlier
this year, with another two art'otels set to open in London Hoxton
(Q1 2024) and Rome (H1 2024).
The opening of art'otel Zagreb follows a GBP16 million
investment by the Group's Croatian subsidiary (Arena Hospitality
Group) to convert an iconic building, known to be one of the best
examples of Zagreb's Art Déco architecture, in the heart of the
city centre. Located just off Zagreb's main square (Ban Jelačić
Square), the hotel features 110 rooms, a rooftop bar with a
panoramic view of the city (opening in 2024), pan-Asian destination
restaurant and bar YEZI, four meeting spaces, a spa and an indoor
pool.
Each art'otel is dedicated to a Signature Artist and at art'otel
Zagreb works from the late Boris Bućan, one of Croatia's best-known
artists, were selected. This is the poignant last collection of his
life's creativity, in which his artwork is layered within the very
fabric of the hotel, to deliver a canvas for residents to enjoy
during their stay.
Boris Ivesha, President & Chief Executive Officer, PPHE
Hotel Group said:
"We are very pleased to launch our new art'otel Zagreb, our
first art'otel in Croatia, which will soon be joined by art'otel
London Hoxton and art'otel Rome in 2024. This is the first of four
new hotel openings in the next nine months and is a great addition
to our growing portfolio of premium lifestyle art'otels.
Collectively, our new openings are targeted to deliver at least
GBP25 million of EBITDA upon stabilisation.
We are extremely proud to add this brand-new hotel in the
Croatian capital to our growing portfolio of hotels and look
forward to welcoming our first guests."
- Ends -
Enquiries:
PPHE Hotel Group Limited Tel: +31 (0)20 717 8600
Daniel Kos, Chief Financial Officer & Executive
Director
Robert Henke, Executive Vice President
of Commercial Affairs
Hudson Sandler - Financial PR Tel: +44 (0)20 7796
4133
Wendy Baker / Charlotte Cobb / India Laidlaw pphe@hudsonsandler.com
Notes to Editors:
PPHE Hotel Group is an international hospitality real estate
company, with a GBP2.0 billion portfolio, valued as at December
2022 by Savills and Zagreb nekretnine Ltd (ZANE), of primarily
prime freehold and long leasehold assets in Europe.
Through its subsidiaries, jointly controlled entities and
associates it owns, co-owns, develops, leases, operates and
franchises hospitality real estate. Its portfolio includes
full-service upscale, upper upscale and lifestyle hotels in major
gateway cities and regional centres, as well as hotel, resort and
campsite properties in select resort destinations. The Group's
strategy is to grow its portfolio of core upper upscale city centre
hotels, leisure and outdoor hospitality and hospitality management
platform.
PPHE Hotel Group benefits from having an exclusive and perpetual
licence from the Radisson Hotel Group, one of the world's largest
hotel groups, to develop and operate Park Plaza(R) branded hotels
and resorts in Europe, the Middle East and Africa. In addition,
PPHE Hotel Group wholly owns, and operates under, the art'otel(R)
brand and its Croatian subsidiary owns, and operates under, the
Arena Hotels & Apartments(R) and Arena Campsites(R) brands.
PPHE Hotel Group is a Guernsey registered company with shares
listed on the London Stock Exchange. PPHE Hotel Group also holds a
controlling ownership interest in Arena Hospitality Group, whose
shares are listed on the Prime market of the Zagreb Stock
Exchange.
Company websites: www.pphe.com |
www.arenahospitalitygroup.com
For reservations:
www.parkplaza.com | www.artotel.com | www.arenahotels.com |
www.arenacampsites.com
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END
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