PPH Pphe Hotel Group Limited

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

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCZZGGVGKZGFZZ

(END) Dow Jones Newswires

June 06, 2023 02:00 ET (06:00 GMT)

Grafico Azioni Pphe Hotel (LSE:PPH)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Pphe Hotel (LSE:PPH)
Storico
Da Apr 2023 a Apr 2024