Last checked at 6 Jun 2023 07:00
6 June 2023
PPHE HOTEL GROUP LIMITED ("PPHE" or "the Group")
Analyst Site Visit to Croatia
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, is hosting an analyst site visit to Croatia to visit properties owned and operated by its subsidiary company Arena Hospitality Group d.d ("Arena"), one of Croatia's best-known hospitality groups.
During the visit, PPHE and Arena senior management will provide an overview of Arena's operations along with a tour of its properties in Pula and Medulin.
Since PPHE first acquired an interest in Arena Hospitality Group (AHG) in 2008, the business has been transformed through an extensive programme of new asset acquisitions, asset repositioning, operational improvements and ongoing capital expenditure. In total, AHG has invested c.€200 million into the Croatian leisure assets, including c.€50 million in the more recent relaunch of the Grand Hotel Brioni and the upcoming art'otel Zagreb, which are yet to contribute meaningfully to the Group. Since 2008, AHG has grown its EBITDA six-fold, to in excess of €30 million, delivering healthy 10%+ unlevered returns.
Arena currently encompasses a collection of 31 hotels, self-catering apartment complexes and camping/glamping sites across Europe, offering beachfront locations within the historic settings of Pula and Medulin in Istria, Croatia, as well as year-round exposure to a number of capital and key regional European cities such as Berlin, Budapest, Belgrade and Zagreb. Arena is a market leader in southern Istria, and also has the exclusive right to operate and develop Park Plaza hotels in 18 countries.
No new material information will be disclosed during the visit, but the presentation that will be used to introduce the properties is available to view online at https://www.pphe.com/media/reports-and-presentations/2023
Enquiries:
PPHE Hotel Group Limited | Tel: +31 (0)20 717 8600 |
Daniel Kos, Chief Financial Officer & Executive Director | |
Robert Henke, Executive Vice President of Commercial Affairs | |
Hudson Sandler | Tel: +44 (0)20 7796 4133 |
Wendy Baker / Charlotte Cobb / Ben Wilson / India Laidlaw | pphe@hudsonsandler.com |
Notes to Editors
PPHE Hotel Group is an international hospitality real estate company, with a £2.0 billion portfolio, valued as at December 2022 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