PPH Pphe Hotel Group Limited

TIDMPPH

RNS Number : 6367L

PPHE Hotel Group Limited

20 July 2017

20 July 2017

PPHE Hotel Group Limited

("PPHE Hotel Group")

Completion of Sale and Leaseback of Park Plaza London Waterloo

Further to the announcement on 29 June 2017, PPHE Hotel Group is pleased to announce that one of its wholly owned subsidiaries has completed the sale and leaseback of Park Plaza London Waterloo. The purchase price was GBP161.5 million and the initial rent will be GBP5.6 million per annum.

Enquiries:

 
PPHE Hotel Group Limited 
Chen Moravsky, Deputy Chief 
 Executive Officer and Chief        Tel: +44 (0)20 7034 
 Financial Officer                   4800 
Hudson Sandler Financial Public 
 Relations 
                                    Tel: +44 (0)20 7796 
Wendy Baker / Jocelyn Spottiswoode   4133 
 

Notes to editors

PPHE Hotel Group is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, operates, franchises and develops full-service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe.

The majority of the Group's hotels operate under the Park Plaza(R) Hotels & Resorts or art'otel(R) brands. The Group has an exclusive licence from Carlson Hotels Worldwide Inc., one of the world's largest hotel groups, to develop and operate Park Plaza(R) Hotels & Resorts in Europe, the Middle East and Africa.

The art'otel(R) brand is wholly owned by the Group.

The Group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.

The Group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels offering a total of approximately 9,000 rooms. The Group's development pipeline includes two new hotels which are expected to add an additional 500 rooms by the end of 2019.

Company websites:

www.pphe.com

www.arenahospitalitygroup.com

For reservations:

www.parkplaza.com

www.artotels.com

www.arenaturist.com

For images and logos visit www.vfmii.com/parkplaza

This information is provided by RNS

The company news service from the London Stock Exchange

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