17 June 2026

PPHE Hotel Group Limited

("PPHE" or the "Group")

Completion of Park Plaza London Waterloo Freehold Acquisition and Funding

PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, is pleased to announce that it has now completed the acquisition of the freehold interest in Park Plaza London Waterloo (the "Acquisition") together with the associated financing of the Acquisition by Bank Hapoalim B.M..

Following hedging arrangements previously announced on 23 March 2026, approximately 90% of the new facility with Bank Hapoalim will bear an all-in interest rate of 5.853%, with the balance remaining at  a floating rate.

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Enquiries:

Notes to Editors:

PPHE Hotel Group is an international hospitality real estate company, with a £2.2 billion* portfolio, valued as at December 2025 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® branded hotels and resorts in Europe, the Middle East and Africa. In addition, PPHE Hotel Group wholly owns, and operates under, the art'otel® brand and its Croatian subsidiary owns, and operates under, the Arena Hotels & Apartments® and Arena Campsites® 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.

*In the event of a firm offer being announced for PPHE, asset valuation reports in accordance with Rule 29 of the City Code on Takeovers and Mergers will be published in due course and by no later than publication of the scheme document or offer document.

Company websites: www.pphe.com | www.arenahospitalitygroup.com

For reservations:

www.parkplaza.com | www.artotel.com | www.arenahotels.com | www.arenacampsites.com | www.radissonhotels.com]