PPHE Hotel Group is the new name for Park Plaza Hotels
The majority of the company's hotels are located in major gateway cities and regional centres, predominantly in Europe with new hotels in the development pipeline in Germany, The Netherlands, UK and Thailand, adding abut 900 rooms by the end of 2014.
Park Plaza Hotels has changed its name as it now has a number of brands within the group and does not want the parent company to be associated with just one of them. The brands are Park Plaza Hotels & Resorts, art'otel and Arenaturist – which the company operates under licence or full or part ownership as it continues to expand its portfolio. span>
The majority of the company's hotels are located in major gateway cities and regional centres, predominantly in Europe with new hotels in the development pipeline in Germany, The Netherlands, UK and Thailand, adding abut 900 rooms by the end of 2014.
Boris Ivesha, President and CEO, PPHE Hotel Group, comments: 'This is yet another milestone for the Group since we successfully started trading on the main list of the LSE in June 2011, raising our profile domestically and internationally. The renaming is a direct result of our efforts to grow as a multi-brand, international hotel group. With several confirmed openings in the pipeline we are well on track to realise our growth potential.'
PPHE Hotel Group Limited has announced a number of new ventures including a mixed-use development project in Pattaya Bay, Thailand. This summer the company is to open the first three Park Plaza resort hotels on Croatia's Istrian peninsula.