PPHE Hotel Group Limited Notice of Re-Financing (0051O)

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: [phone] 
Daniel Kos, Vice President Corporate Finance   8623 
Tulchan Communications 
                                              Tel: [phone] 
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 [e-mail] or visit www.rns.com.

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September 27, 2019 09:30 ET (13:30 GMT)