PPHE Hotel Group Limited Opening of repositioned Vondlepark Hotel

TIDMPPH

PPHE Hotel Group Limited

08 October 2019

8 October 2019

PPHE Hotel Group Limited

("PPHE Hotel Group" or the "Company")

Opening of GBP9 million repositioned Park Plaza Vondelpark, Amsterdam

PPHE Hotel Group ("PPHE" or the "Group"), an international hospitality real estate group, is delighted to announce the opening of the premium boutique hotel, Park Plaza Vondelpark, Amsterdam, following a GBP9 million repositioning programme. This follows the opening of Holmes Hotel London earlier this year and is part of the Group's GBP100 million multi-year investment programme.

Located adjacent to the Vondelpark in Amsterdam Oud-Zuid, in the museum quarter, Park Plaza Vondelpark, Amsterdam has curated a newly invigorated, colourful design approach with inspiration taken from the bordering Vondelpark and its diverse natural environment. The 102-key hotel is home to a soon-to-launch dining and drinking concept along with gym, private garden for guests and meeting facilities.

Park Plaza Vondelpark, Amsterdam is owned and operated by the Group and its President & Chief Executive Officer, Boris Ivesha, added: "Park Plaza Vondelpark, Amsterdam is our latest hotel repositioning project completed by the Group in 2019 and concludes our GBP100+ million multi-year hotel investment programme in our key markets. This hotel, which is located in Amsterdam's highly desirable Oud-Zuid area, perfectly complements our strong offering in the city, which consists of the Park Plaza Victoria Amsterdam, which was repositioned in 2018, and the flagship art'otel amsterdam. We are excited about our future development pipeline and expect to spend approximately GBP300 million on projects such as art'otel london hoxton and art'otel new york".

Visit www.parkplaza.com/opening-vondelpark

www.parkplazavondelpark.com

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For more information, please contact Tulchan on [phone].

Notes to Editors

Park Plaza Vondelpark, Amsterdam is owned and operated 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.

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

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October 08, 2019 02:00 ET (06:00 GMT)