PPHE Hotel : strengthens Development team to drive growth opportunities

Press Release

PPHE Hotel Group strengthens Development team to drive growth opportunities

09 July 2018:PPHE Hotel Group ("PPHE" or the "Group"), an international hospitality company which owns and develops hotels and resorts, operates the Park Plaza® brand in EMEA and owns the art'otel® brand is delighted to announce that Sabina Wyss di Corrado has been promoted to Vice President, Acquisitions and Development with Stuart Pannell joining as Vice President Project and Technical Services.

Sabina's remit is to expand the development pipeline and to look for new growth opportunities for both the contemporary Park Plaza brand and lifestyle art'otel brand.

Stuart will focus on using his technical experience and expertise to support new development opportunities, as well as oversee current renovation projects within the PPHE portfolio.

Following several new successful hotel openings in 2016 and 2017, PPHE currently has several extensive renovation and repositioning projects underway in Amsterdam, London and Croatia, and by 2019 the majority of the Group's hotels will have been fully renovated. In addition, the Group has two new hotels in its pipeline; art'otel london hoxton and art'otel london battersea power station which will allow the group to introduce the lifestyle brand to the UK market.

During 2017, PPHE undertook a number of strategic transactions including the sale and leaseback of Park Plaza London Waterloo and successful refinancing raising circa £85 million in excess cash for future development and growth. In addition, the company completed a successful IPO of new shares in its Croatian subsidiary, Arena Hospitality Group, which raised €106 million of new capital for portfolio investment and growth. These activities have allowed the Group to free up capital and reshape the business to pave the way for future redevelopment and growth opportunities.

Most recently, 28 June 2018, PPHE announced its move to a Premium Listing on the London Stock Exchange, which is recognised by investors as the highest quality listing obtainable and so PPHE hopes to leverage this reputational enhancement going forward, which includes the development arena.

Sabina brings over 15 years of development experience previously holding roles at Christie + Co and TRI Hospitality Consulting Ltd (now part of CBRE Hotels) and the Unctad/ITC (UN/WTO). Sabina has also held operational roles at luxury hotels and airlines in Europe, Central America and Australia.

Stuart previously worked at PPHE in the role of Development Executive for seven years, moving to Yotel for five years as Vice President Design & Development to oversee design and construction of all new build projects providing technical input to Owners and Developers.

The strengthened team includes Dilya Ryskeldinova, who has been promoted to Acquisitions and Development Manager, Andrea Genfeld, Acquisitions and Development Manager, and new hire, Elizabeth Chen, Acquisitions & Development Associate.

Sabina commented: "PPHE is focused on developing a strong development pipeline as well as exploring new property acquisitions to grow our portfolio of branded Park Plaza and art'otel hotels. I am delighted to have an experienced and strengthened team in place to ensure the Group is well positioned to capitalise on new opportunities that come to market."

Stuart added: "PPHE has continued to see considerable growth across all areas of the business in recent years and is exploring a number of opportunities within the current portfolio and new territories, both in continental Europe and outside. I am looking forward to rejoining the team and working with Boris Ivesha, our Chief Executive Officer and Sabina to drive client-side support in both technical services and project management."

In addition, the team will continue to support Arena Hospitality Group, one of Croatia's best-known hospitality groups in which PPHE Hotel Group has a controlling ownership interest.

The acquisition and development team is located across PPHE Hotel Group's corporate offices in London and Amsterdam.

For further information please go towww.pphe.com or see the latest news onLinkedIn.

-ENDS-

For further information, images and interviews please contact: Hudson Sandler | Sophie Lister [e-mail] [phone]

Notes to editors

The Group is an international hospitality company which owns and develops hotels and resorts, operates the Park Plaza® brand in EMEA and owns the art'otel® brand. All of the Group's hotels operate under the Park Plaza® or art'otel® brands, with the exception of some within the Arena Hospitality Group. The Group has an exclusive license from the Radisson Hotel Group, one of the world's largest hotel groups, to develop and operate Park Plaza® hotels in Europe, the Middle East and Africa.

The art'otel® brand is wholly owned by the Group. The Group has a controlling ownership interest (51.97% of the share capital) in Arena Hospitality Group d.d., one of Croatia's best-known hospitality groups whose shares are traded on the Zagreb Stock Exchange.

The Group's portfolio of owned, leased, managed and franchised hotels comprises 39 hotels offering a total of approximately 9,000 rooms and eight campsites, offering approximately 6,000 units. The Group's development pipeline includes two new hotels in London, which are expected to add an additional 500 rooms by the end of 2022.

Company websites:www.pphe.comwww.arenahospitalitygroup.com

For reservations:www.parkplaza.comwww.artotels.comwww.arenaturist.com

For images and logos visit:www.vfmii.com/parkplaza