Result of EGM

RNS Number : 3982Y

Park Plaza Hotels Limited

29 February 2012

PARK PLAZA HOTELS LIMITED

("Park Plaza", the "Group" or the "Company")

RESULT OF EXTRAORDINARY GENERAL MEETING

The board of directors of Park Plaza, owner, operator and franchisor of hotels in Europe, the Middle East and Africa, wishes to announce that at the extraordinary general meeting of the Company which took place at 12 noon today, all of the resolutions were passed and that consequently, the Company has adopted new articles of incorporation and resolved to change its name to "PPHE Hotel Group Limited".

The Company's change of name will take effect once the resolution authorising the change of name has been filed with the Guernsey Registry and a change of name certificate is issued by the Registry. The Company expects the certificate to be issued by close of business on 1 March 2012.

Enquiries:

Park Plaza Hotels Limited
Boris Ivesha, President and Chief Executive Officer	Tel: +44 (0)20 7034 4800
Chen Moravsky, Chief Financial Officer	Tel: +31 (0)20 717 8603
Hudson Sandler	Tel: +44 (0)20 7796 4133
Wendy Baker / Kate Hough

Notes to Editors

About Park Plaza

Park Plaza Hotels Limited owns, leases, develops, manages and franchises primarily full service four-star, four-star deluxe and contemporary lifestyle hotels in major gateway cities and regional centres primarily in Europe. The majority of the Group's hotels operate under the Park Plaza^® Hotels & Resorts brand (part of Carlson), over which the Group has exclusive rights in 56 countries in Europe, the Middle East and Africa, or art'otel^®, a brand which Park Plaza fully owns.

Through its strategic partnership with Carlson, one of the world's largest travel and hospitality companies, Park Plaza has access to Carlson's powerful reservation and distribution system, airline partnerships with 23 airlines, loyalty programmes such as Club Carlson^SM for guests and look to book^® for travel agents and cross-selling opportunities.

The Group currently has 25 Park Plaza hotels and art'otels, with 5,508 rooms in operation. New projects under development include Park Plaza Nuremberg, art'otel amsterdam, art'otel london hoxton and a mixed-use development in Pattaya Bay, Thailand.

Park Plaza also partly owns Arenaturist, one of Croatia's leading hospitality companies, and operates 8 hotels and 5 apartment complexes (with a total of 2,868 rooms) and 7 campsites in Istria, Croatia. Park Plaza is in the process of renovating and rebranding two hotels to reopen in 2012 as Park Plaza Histria Pula and Park Plaza Verudela Pula.

Park Plaza's shares are admitted to trading on the main market of the London Stock Exchange (Standard Listing).

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