PPHE Hotel Group Limited Directorate Change (2322L)

TIDMPPH

RNS Number : 2322L

PPHE Hotel Group Limited

04 September 2019

4 September 2019

PPHE Hotel Group Limited

(the "Company")

Directorate Change

PPHE Hotel Group Limited (the "Company"), an international hospitality real estate company which together with its subsidiaries owns and develops hotels and resorts, operates the Park Plaza(R) brand in EMEA and owns the art'otel(R) brand, announces changes to its board of directors (the "Board").

The Company is pleased to announce that the Board has appointed Ken ("Kenneth") Bradley as a non-executive director of the Company, with his appointment taking immediate effect. Ken will also be a member of the Audit Committee, the Nomination Committee and the Remuneration Committee.

Ken is a former Chief Country Officer of both RBSI and Barclays Bank. Ken brings a wealth of financial and managerial experience, having joined the RBS Group in 1988, where he spent twenty years in a range of management roles with a focus on Corporate and Institutional Banking and Risk management. Ken was Island Director at RBS Group until 2009, overseeing the business in Guernsey.

Ken subsequently joined Barclays Bank where he was Guernsey Island Director and Chief Country Officer until 2017, responsible for Barclays Wealth's Banking and Trust business in Guernsey, and with responsibilities extending to the Fiduciary Banking segment in various other locations. During his career, Ken held a variety of leadership roles covering all aspects of offshore corporate and commercial banking and management. This has included developing and executing various business segment strategies and sitting on various subsidiary boards and overseas services executive committees.

Ken also has an MBA from Warwick Business School and has completed the Institute of Directors certificate and diploma in Company Direction.

Ken has been appointed following an extensive recruitment process using an external search agency based in Guernsey. He has also been assessed on merit against objective criteria having due regard to the benefits of diversity and the needs of the Board, including existing knowledge, skills and experience.

Eli Papouchado, Chairman at PPHE Hotel Group said: "Ken's impressive breadth of experience and knowledge gained through a long and successful career in banking will complement the balance of skills among the existing directors. He brings an invaluable combination of managerial and financial expertise , and we look forward to welcoming him onto the Board."

No information is required to be disclosed under the Financial Conduct Authority's Listing Rule 9.6.13.

Enquiries

 
 PPHE Hotel Group Limited                              [phone] 
 Daniel Kos, Chief Financial Officer & Executive 
  Director 
 Robert Henke, Executive Vice President Commercial 
  & Corporate Affairs 
 
 Tulchan 
 David Allchurch / Jessica Reid                       [phone] 
 

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a GBP1.6 billion portfolio (valued as at summer of 2018) 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.

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

For images and logos visit

www.vfmii.com/parkplaza

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 [e-mail] or visit www.rns.com.

END

BOABDGDCBDGBGCS

(END) Dow Jones Newswires

September 04, 2019 08:23 ET (12:23 GMT)