Business
Notice of Arena Re-Financing
Notice of Arena Re-Financing.
About this update from Pphe Hotel Group Limited
[{"type":"text","content":"\n \nRNS Number : 0052A PPHE Hotel Group Limited 21 December 2017 \n\n21 December 2017\n \n \nPPHE Hotel Group Limited\n(\"PPHE Hotel Group\")\n \nNotice of Arena Re-Financing\n \nPPHE 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 €64 million.\n \nMore details of the re-financing, in Croatian and English, is available on Arena's website at www.arenahospitalitygroup.com \n \nEnquiries:\n\n\n\n\nPPHE Hotel Group Limited \n\n\n\n\n\n\n\nDaniel Kos, Vice President Corporate Finance\n\n\nTel: +31 20 717 8623\n\n\n\n\nHudson Sandler Financial Public Relations\n\n\n\n\n\n\n\nWendy Baker/ Sophie Lister\n\n\nTel: +44 (0)20 7796 4133\n\n\n\n\n \nNotes to editors\nThe 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.\n \nThe majority of the group's hotels operate under the Park Plaza® Hotels & Resorts or art'otel® 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® Hotels & Resorts in Europe, the Middle East and Africa.\n \nThe art'otel® brand is wholly owned by the group.\n \nThe group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group, one of Croatia's best-known hospitality groups.\n \nThe 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.\n \nCompany websites:\nwww.pphe.com \nwww.arenahospitalitygroup.com\n \nFor reservations:\nwww.parkplaza.com\nwww.artotels.com\nwww.arenaturist.com\...