PPH Pphe Hotel Group Limited

TIDMPPH

RNS Number : 9393Z

PPHE Hotel Group Limited

24 September 2020

24 September 2020

PPHE Hotel Group Limited

("PPHE Hotel Group", the "Company")

Board Changes

PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announces today that Dawn Morgan will be stepping down as an independent non-executive director of the Company on 30 September 2020.

Eli Papouchado, Chairman of PPHE Hotel Group said:

"Dawn wishes to rebalance by spending more time in Australia and has therefore decided to step down from the board. On behalf of the board, I wish to express my gratitude to Dawn for her commitment, service and invaluable contribution to PPHE Hotel Group. Dawn has been an integral and valued member of the board and leaves with our best wishes. We would also like to take this opportunity to announce that Stephanie Coxon, an independent non-executive director of the Company, will succeed Dawn as Chairperson of the Audit Committee, effective as of 30 September 2020."

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 
   Wendy Baker / Lucy Wollam                4133 
                                            Email: pphe@hudsonsandler.com 
 

Notes to Editors

PPHE Hotel Group is an international hospitality real estate company, with a GBP1.7 billion portfolio, valued as at summer of 2019 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 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(R) branded hotels and resorts in Europe, the Middle East and Africa. In addition, PPHE Hotel Group wholly owns, and operates under, the art'otel(R) brand and its Croatian subsidiary owns, and operates under, the Arena Hotels & Apartments(R) and Arena Campsites(R) 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 eight campsites, offering approximately 6,000 units. PPHE Hotel Group's development pipeline include new hotels in London, New York City, Belgrade and Zagreb which are expected to add more than 800 rooms to the portfolio.

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                 For reservations 
 www.pphe.com                     www.parkplaza.com 
  www.arenahospitalitygroup.com    www.artotels.com 
                                   www.arenahotels.com 
                                   www.arenacampsites.com 
 

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END

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