Pphe Hotel Regulatory News (PPH)

PPHE Hotel Group announces Executive Leadership Team promotionsDeputy Chief Executive Officer and Chief Corporate & Legal Officer appointed

22 January 2020: PPHE Hotel Group ("PPHE" or the "Group") the international hospitality real estate group which develops, owns and operates hotels and resorts, is pleased to announce the promotions of Greg Hegarty to Deputy Chief Executive Officer & Chief Operating Officer (Deputy CEO & COO) and Inbar Zilberman to Chief Corporate & Legal Officer earlier this month.  

Greg remains Chief Operating Officer (COO) and within this remit will continue to oversee the Company's operations. Greg has excelled in his role as COO, leading the company to receive a number of prominent industry awards, including the AA Large Hotel Group of the Year award for 2019-2020. Greg has been instrumental in successfully delivering PPHE's multi-year £100 million plus hotel investment programme across the United Kingdom and the Netherlands and has impressed the Board and his colleagues with his comprehensive understanding of hospitality operations, strategic insight and ability to effectuate change.

In his new capacity as Deputy CEO, Greg will work alongside President & Chief Executive Officer Boris Ivesha to drive near-term growth and set the corporate vision and long-term strategy for the Group.

Inbar joined PPHE in 2010 and, prior to promotion, was the Company's General Counsel. In her new role, alongside her existing leadership of the Group's legal and compliance functions, she will oversee the Group's corporate initiatives including acquisitions and expansion, corporate governance and corporate social responsibility.

Inbar's promotion to Chief Corporate & Legal Officer reflects her leadership in driving forward the Group's strategic agenda, the expertise she brings in negotiating transactions and the pivotal role she has played in developing the Group's corporate governance, the move to a Premium Listing on the Main Market and subsequent inclusion within the FTSE 250. Further promotions have been made within the Corporate & Legal Teams as the Company invests in its infrastructure to drive forward future growth.

Boris Ivesha, President & Chief Executive Officer commented:

"I am delighted that we have built a strong leadership team from within PPHE that can continue our30-year track record of growth and delivery. I would like to welcome Greg and Inbar into their new roles and thank them both for their hard work and commitment to the business to date. During their impressive tenures, both Greg and Inbar have contributed immensely to the PPHE success story, particularly during the past 12 months, which has seen the successful completion of our ambitious multi-year investment programme, admission into the FTSE 250 and win of the coveted AA Large Hotel Group of the Year 2019-20 award.

I look forward to working alongside both Greg and Inbar in their new roles to continue our successful track record and steer the Group through its next exciting stage of growth."

For full details on the PPHE leadership team, please visit https://www.pphe.com/about/our-management

-ENDS -

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Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a £1.7 billion portfolio (valued as at summer of 2019 by Savills) 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 primary focus is 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.

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 one of the largest owner/operators of hotels in central London and its property portfolio comprises of 37 hotels and resorts in operation, offering a total of approximately 8,800 rooms and 8 campsites, offering approximately 6,000 units. PPHE Hotel Group's development pipeline includes two new hotels in London and one in New York City which are expected to add an additional 600 rooms by the end of 2022/2023.

PPHE Hotel Group is a Guernsey registered company with shares listed on the London Stock Exchange and a constituent of the FTSE 250. 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.comwww.arenahospitalitygroup.com 

For reservations

www.parkplaza.comwww.artotels.comwww.arenahotels.com www.arenacampsites.com 

For images and logos visit

www.vfmii.com/parkplaza