Appointment of an Alternate Director

21 July 2020

PPHE Hotel Group Limited
("PPHE Hotel Group", the "Company")

Appointment of an Alternate Director

PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announces that Eli Papouchado, Chairman of the Board of Directors, has appointed his son, Yoav Papouchado, as an alternate director who may act in his absence with immediate effect. This appointment has been approved by the Board of Directors of the Company.

Yoav Papouchado, Chairman of Red Sea Hotels Limited ("Red Sea") and President of Gear Construction, the construction arm of Red Sea, has over 30 years of experience of residential developments and data centres worldwide, developed through his long tenure at Red Sea.  Yoav is also a member of the Supervisory Board, and Deputy Chairman of the Supervisory Board of Arena Hospitality Group, the Company's subsidiary listed on the Zagreb Stock Exchange. Yoav  has a B.A. in Economics and an MBA, both from Tel Aviv University. 

Red Sea is controlled by Eli Papouchado, Chairman of PPHE Hotel Group, who, together with his family trusts, owns 32.4 per cent of the issued share capital of the Company (excluding treasury shares).

No other information is required to be disclosed under the Financial Conduct Authority's Listing Rule 9.6.13 in relation to this appointment.

Enquiries:

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a £1.7 billion portfolio (valued as at summer of 2019) by Savills and Zagreb nekretnine Ltd 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 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® 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 incorporated 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