(Sharecast News) - PPHE Hotel Group announced the signing of its third hotel as part of its extended partnership with Radisson Hotel Group on Tuesday, with the Radisson RED Berlin Kudamm set to open in late spring.
The FTSE 250 company said the property, under a long-term management agreement, would be the second Radisson RED branded hotel operated by its Croatian subsidiary Arena Hospitality Group following the Radisson RED Belgrade in Serbia, set to open in early February.
It noted that the partnership's initial venture, the Radisson Collection Hotel, Grand Hotel Brioni, debuted in Pula, Croatia in 2022.
The transformation of an existing Park Plaza property into the Radisson RED Berlin Kudamm was currently in progress.
PPHE said the refurbished hotel would have 133 rooms, including 14 studios.
"We are delighted to announce the opening of our second Radisson RED hotel, closely following the opening of our first in Belgrade," said president and chief executive officer Boris Ivesha.
"We believe the dynamic Radisson RED brand will be an excellent addition to the hotel market in one of Europe's most vibrant capital cities, and will complement our already diversified hotel portfolio.
"This marks the continuation of our more than 20-year successful partnership with Radisson Hotel Group, which is a key part of our group growth strategy."
Reporting by Josh White for Sharecast.com.
Pphe Hotel (PPH)