PPHE Hotel Group Limited Notice of Arena Re-Financing (0052A)
December 21 2017 - 3:00AM
UK Regulatory
TIDMPPH
RNS Number : 0052A
PPHE Hotel Group Limited
21 December 2017
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 EUR64 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 Tel: +31 20
Finance 717 8623
Hudson Sandler Financial Public
Relations
Tel: +44 (0)20
Wendy Baker/ Sophie Lister 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(R) Hotels & Resorts or art'otel(R) 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(R)
Hotels & Resorts in Europe, the Middle East and Africa.
The art'otel(R) 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
This information is provided by RNS
The company news service from the London Stock Exchange
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