Arena - Long-term loan refinancing

RNS Number : 8776F
PPHE Hotel Group Limited
09 November 2022
 

 

 

 

9 November 2022

 

PPHE Hotel Group Limited

("PPHE Hotel Group")

 

Arena Hospitality Group d.d. - Long-term loan refinancing

PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announces that Arena Hospitality Group d.d., whose shares are listed on the Prime market of the Zagreb Stock Exchange and in which PPHE Hotel Group holds a controlling ownership interest, has today published an announcement regarding the execution of a new long-term loan agreement with PRIVREDNA BANKA ZAGREB in Croatia for refinancing its existing loans and investments in the Arena Grand Kažela Campsite.

The announcement can be found at https://www.arenahospitalitygroup.com/en/investors/regulatory-news

 

Enquiries:

 

PPHE Hotel Group Limited

Daniel Kos,

Chief Financial Officer & Executive Director


Robert Henke

Executive Vice President of Commercial Affairs

Tel: +31 (0)20 717 8600

 

Hudson Sandler


Wendy Baker

Lucy Wollam

Charlotte Cobb

 

Tel: +44 (0)20 7796 4133

Email: pphe@hudsonsandler.com

 

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a 1.8 billion portfolio, valued as at December 2021 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.

 

Company websites

 

www.pphe.com
www.arenahospitalitygroup.com

 

For reservations

www.parkplaza.com

www.artotel.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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCBKCBDPBDDADK
UK 100

Latest directors dealings