Arena - Long-term loan refinancing
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:
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PPHE Hotel Group Limited |
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Daniel Kos, Chief Financial Officer & Executive Director |
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Robert Henke Executive Vice President of Commercial Affairs |
Tel: +31 (0)20 717 8600 |
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Hudson Sandler |
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Wendy Baker Lucy Wollam Charlotte Cobb
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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
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