TIDMPPH

RNS Number : 3562D

PPHE Hotel Group Limited

28 June 2021

28 June 2021

PPHE Hotel Group Limited

(the "Group" or the "Company")

Completion of Transaction

Further to the announcement on 24 June 2021, PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, is pleased to announce that it has successfully completed the transaction with Clal Insurance for the Group's Park Plaza London Riverbank and art'otel london hoxton development project.

Enquiries

 
PPHE Hotel Group Limited 
Daniel Kos, Chief Financial Officer and Executive      Tel: +31 (0)20 717 
 Director                                               8600 
 Inbar Zilberman, Chief Corporate & Legal Officer 
 Robert Henke, Executive Vice President of Commercial 
 Affairs 
Hudson Sandler 
Wendy Baker/ Lucy Wollam                               Tel: +44 (0)20 7796 
                                                        4133 
                                                        pphe@hudsonsandler.com

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a GBP1.7 billion portfolio, valued as at December 2020 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 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.

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: PPHE Hotel Group | Arena Hospitality Group

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(END) Dow Jones Newswires

June 28, 2021 08:18 ET (12:18 GMT)

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