21 December 2017
PPHE Hotel Group Limited
("PPHE Hotel Group")
Notice of Arena Re-Financing
PPHE Hotel Group which together with its subsidiaries owns, leases, develops, operates and franchises full service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe, announces that its 51.97% owned subsidiary, Arena Hospitality Group d.d ("Arena"), has today re-financed bank loans equal to the amount of €64 million.
More details of the re-financing, in Croatian and English, is available on Arena's website at www.arenahospitalitygroup.com
Enquiries:
PPHE Hotel Group Limited |
|
Daniel Kos, Vice President Corporate Finance |
Tel: +31 20 717 8623 |
Hudson Sandler Financial Public Relations |
|
Wendy Baker/ Sophie Lister |
Tel: +44 (0)20 7796 4133 |
Notes to editors
The Company is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, operates, franchises and develops full-service upscale, upper upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe.
The majority of the group's hotels operate under the Park Plaza® Hotels & Resorts or art'otel® brands. The group has an exclusive licence from Carlson Hotels Worldwide Inc., one of the world's largest hotel groups, to develop and operate Park Plaza® Hotels & Resorts in Europe, the Middle East and Africa.
The art'otel® brand is wholly owned by the group.
The group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.
The group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels offering a total of approximately 9,000 rooms. The group's development pipeline includes two new hotels which are expected to add an additional 500 rooms by the end of 2019.
Company websites:
www.pphe.com
www.arenahospitalitygroup.com
For reservations:
www.parkplaza.com
www.artotels.com
www.arenaturist.com
For images and logos visit www.vfmii.com/parkplaza
