PPHE Hotel Group Limited Analyst Site Visit to Croatia (7233B)
06 June 2023 - 4:00PM
UK Regulatory
TIDMPPH
RNS Number : 7233B
PPHE Hotel Group Limited
06 June 2023
6 June 2023
PPHE HOTEL GROUP LIMITED
("PPHE" or "the Group")
Analyst Site Visit to Croatia
PPHE Hotel Group, the international hospitality real estate
group which develops, owns and operates hotels and resorts, is
hosting an analyst site visit to Croatia to visit properties owned
and operated by its subsidiary company Arena Hospitality Group d.d
("Arena"), one of Croatia's best-known hospitality groups.
During the visit, PPHE and Arena senior management will provide
an overview of Arena's operations along with a tour of its
properties in Pula and Medulin.
Since PPHE first acquired an interest in Arena Hospitality Group
(AHG) in 2008, the business has been transformed through an
extensive programme of new asset acquisitions, asset repositioning,
operational improvements and ongoing capital expenditure. In total,
AHG has invested c.EUR200 million into the Croatian leisure assets,
including c.EUR50 million in the more recent relaunch of the Grand
Hotel Brioni and the upcoming art'otel Zagreb, which are yet to
contribute meaningfully to the Group. Since 2008, AHG has grown its
EBITDA six-fold, to in excess of EUR30 million, delivering healthy
10%+ unlevered returns.
Arena currently encompasses a collection of 31 hotels,
self-catering apartment complexes and camping/glamping sites across
Europe, offering beachfront locations within the historic settings
of Pula and Medulin in Istria, Croatia, as well as year-round
exposure to a number of capital and key regional European cities
such as Berlin, Budapest, Belgrade and Zagreb. Arena is a market
leader in southern Istria, and also has the exclusive right to
operate and develop Park Plaza hotels in 18 countries.
No new material information will be disclosed during the visit,
but the presentation that will be used to introduce the properties
is available to view online at
https://www.pphe.com/media/reports-and-presentations/2023
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 Tel: +44 (0)20 7796
4133
Wendy Baker / Charlotte Cobb / Ben Wilson pphe@hudsonsandler.com
/ India Laidlaw
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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