PPHE Hotel Group Limited Notice of Re-Financing (0051O)
27 September 2019 - 11:30PM
UK Regulatory
TIDMPPH
RNS Number : 0051O
PPHE Hotel Group Limited
27 September 2019
27 September 2019
PPHE Hotel Group Limited
("PPHE Hotel Group")
Notice of Re-Financing and new Financing by Arena Hospitality
Group
PPHE Hotel Group Limited, an international hospitality company
which together with its subsidiaries (the Group) owns and develops
hotels and resorts, operates the Park Plaza(R) brand in EMEA and
owns the art'otel(R) brand, announces that its 52.07% owned
subsidiary, Arena Hospitality Group d.d ("Arena"), has concluded a
refinancing of the Loan Agreement dated 20 December 2017 on
generally improved terms and entered into a new Loan Agreement to
partly finance its upcoming investments.
More details, in Croatian and English, are available on Arena's
website at www.arenahospitalitygroup.com
Enquiries:
PPHE Hotel Group Limited
Tel: +31 20 717
Daniel Kos, Vice President Corporate Finance 8623
Tulchan Communications
Tel: +44 20 7353
David Allchurch / Jessica Reid 4200
Notes to Editors
Park Plaza Hotels in the UK are owned, operated, managed and/or
franchised by PPHE Hotel Group, an international hospitality real
estate company with a GBP1.7 billion portfolio (valued as at summer
of 2019) 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.
Park Plaza Hotels UK have been recognised as the AA Large Hotel
Group of the Year 2019-2020 following the completion of an
extensive multi-year investment programme by PPHE Hotel Group
across the property portfolio.
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
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
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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