TIDMPPH
PPHE Hotel Group Limited
17 July 2019
PPHE HOTEL GROUP LIMITED
("PPHE" or the "Group")
Arena Ka ela Campsite completes major repositioning
PPHE Hotel Group Limited, the international hospitality real
estate group which owns, co-owns and develops hotels, resorts and
campsites, is delighted to announce that Arena Hospitality Group
d.d. ("Arena"), of which it is the controlling shareholder, has
completed a major repositioning of the Arena Ka ela Campsite.
This follows the successful launch of Croatia's first
all-glamping offer, Arena One 99, in June 2018 which is delivering
encouraging results and has already been recognised as an
award-wining resort. The Group is very excited about the potential
for Arena Ka ela Campsite as Arena's first repositioned project of
2019. Additionally, Arena looks forward to starting the
refurbishment of its Verudela Beach apartments this autumn.
Located in a secluded spot in Medulin on the southern coast of
the Istria peninsula, following a multi-million-pound
refurbishment, Arena Ka ela Campsite now features 164 brand-new
luxury camping homes. The luxury additions have been beautifully
designed to allow guests to get closer to nature. Complete with
air-conditioning, Egyptian cotton linen, coffee machines, flat
screen televisions, and Wi-Fi, holidaymakers are now able to enjoy
one of the resort's new 'Camping Villas', 'Camping Home Green'
homes, or 'Camping Home Next' homes.
- With each camping home offering a contemporary space for up to
five people, the Camping Villas have large, floor-to-ceiling
windows that let the outside in, with white and teal touches that
echo the blue waters and pebble beaches that are nearby.
- Conscious travellers will feel at home in the resort's 'Green'
camping homes, which are made from ecological and recycled
materials and combine modern elements with eco-friendly
choices.
- Finally, the 'Next' camping homes boast a smart design and
enviable positions on the edge of the resort, a mere stone's throw
from the water.
In addition to the new, luxury accommodation, the resort now
features a brand-new swimming complex, which boasts over 600m(2) of
water surface. This includes a main swimming complex, children's
swimming pool, water slide and landscaped sunbathing area with
parasols. Additionally, the resort features Croatia's longest
relaxation pool. The resort also offers a number of activities
including exercise classes and sporting facilities, and is a short
distance from several blue-flag beaches and the nearby town of
Pula.
The renovation at Arena Ka ela Campsite follows the successful
repositioning of the Holmes Hotel London which relaunched in May
2019. Repositioning projects at Park Plaza Vondelpark, Amsterdam,
and Park Plaza Utrecht are ongoing, with completion dates expected
in the second half of 2019."
Boris Ivesha, President and Chief Executive Officer, PPHE Hotel
Group, said:
"We are delighted that PPHE's second major repositioning project
in 2019 has been unveiled. These luxury additions have been
masterfully designed to bring our guests closer to nature and the
beautiful scenery on offer, whilst providing them with the
contemporary facilities they need.
We are delighted to see Arena flourishing within the markets it
operates in and we look forward to continuing its momentum as it
identifies opportunities for revenue growth both internally, and
invests in its existing portfolio, and externally by extending its
reach beyond the current portfolio.
This reopening is the second of a number of repositioning
projects to be completed by the Group this year, with key projects
expected to be completed in Amsterdam and Utrecht, the Netherlands
in the second half of 2019."
Enquiries:
PPHE Hotel Group Limited
Daniel Kos
Chief Financial Officer & Executive
Director +31 20 717 8600
Inbar Zilberman
General Counsel +31 20 717 8600
Tulchan
Jessica Reid / Misha Bayliss 0207 353 4200
About Arena Hospitality Group
Arena Hospitality Group d.d., headquartered in Pula ("Arena"),
is a hospitality company which operates in Croatia, Germany and
Hungary. Arena's portfolio currently consists of 26 owned,
co-owned, leased and managed properties with more than 10,000 rooms
and accommodation units in cities such as Berlin, Cologne,
Nuremberg, Budapest and tourist destinations in Istria. Arena has
an exclusive right to operate and develop hotels under the
international Park Plaza(R) brand in 18 Central and Eastern
European countries. PPHE Hotel Group, which is one of central
London's largest owner/operators of internationally branded hotel
rooms in the upper upscale segment of the market, is the largest
shareholder of Arena and currently indirectly owns 51.97% of share
capital.
Website: arenahospitalitygroup.com arenahotels.com
arenacampsites.com
Notes to Editors
PPHE Hotel Group is an international hospitality real estate
company, with a GBP1.6 billion portfolio (valued as at summer of
2018) of primarily prime freehold and long leasehold assets in
Europe.
PPHE Hotel Group's guiding principle is to generate attractive
returns from operations and long-term capital appreciation.
Through its subsidiaries, jointly controlled entities and
associates it owns, co-owns, develops, leases, operates and
franchises hospitality real estate. Its primary focus is
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.
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.
This multi-brand approach enables PPHE Hotel Group to develop and
operate properties across several segments of the hospitality
market.
PPHE Hotel Group is one of the largest owner/operators of hotels
in central London and its property portfolio comprises of 38 hotels
and resorts in operation, offering a total of approximately 8,800
rooms and 8 campsites, offering approximately 6,000 units. PPHE
Hotel Group's development pipeline includes two new hotels in
London and one in New York City which are expected to add an
additional 600 rooms by the end of 2022/2023.
PPHE Hotel Group is a Guernsey registered company with shares
listed on the London Stock Exchange and a constituent of the FTSE
250. PPHE Hotel Group also holds a controlling ownership interest
(51.97% of the share capital) 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.artotels.com
www.arenahotels.com
www.arenacampsites.com
For images and logos visit
www.vfmii.com/parkplaza
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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