PPHE Hotel Group announces third hotel in Croatia

To open under the upscale Park Plaza® Hotels & Resorts brand

PPHE Hotel Group Limited, owner and operator of primarily full service upscale and lifestyle hotels, today announced the extensive renovation and rebranding of Hotel Medulin – part of the Arenaturist group, a leading hospitality company in Croatia. Scheduled for opening April 2012, Park Plaza Medulin will be the first Croatian opening for the group, with Park Plaza Histria Pula and Park Plaza Verudela Pula opening their doors in May 2012.

Located only a short distance from the historical fishing town of Medulin and a stone's throw from the Medulin Riviera; guests will be able to enjoy Park Plaza Medulin's beautiful sandy beachfront setting with coastline extending for 80km. The only four star hotel with meeting facilities in Medulin, the property is set to undergo a significant transformation to ensure it meets the brand standards associated with the upscale Park Plaza ® Hotels & Resorts brand. Immediate developments include the renovation of 118 rooms, upgraded reception and pool areas.

"We are delighted to announce our third hotel opening under the Park Plaza ® Hotels & Resorts umbrella within the Croatian marketplace. Park Plaza Medulin will be the first property to open closely followed by Park Plaza Histria Pula and Park Plaza Verudela Pula which is exciting news for the brand. We recognise Croatia as a popular destination for both corporate and leisure customers and welcome further new developments for us in this region." commented Boris Ivesha, President and CEO of PPHE Hotel Group Limited.

The hotel is uniquely located in lush, green surroundings offering striking views of the Adriatic Sea. Facilities for guests include complimentary Wi-Fi throughout the hotel, two outdoor swimming pools, a new fitness centre complete with modern equipment, a total of 190 contemporary styled guest rooms, family rooms and suites and a newly refurbished restaurant offering Istrian contemporary cuisine.

In April 2008, PPHE Hotel Group Limited became a shareholder in the Arenaturist group and won the management agreement for the entire portfolio which includes eight hotels, five apartment complexes (with a total of 2,868 rooms) and eight campsites.

About PPHE Hotel Group

PPHE Hotel Group is an international hospitality real estate company, with a £2.2 billion portfolio, valued as at December 2023 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 portfolio includes 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. The Group's strategy is to grow its portfolio of core upper upscale city centre hotels, leisure and outdoor hospitality and hospitality management platform.

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 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: www.pphe.com | www.arenahospitalitygroup.com

For reservations: www.parkplaza.com | www.artotel.com | www.radissonhotels.com | www.arenahotels.com | www.arenacampsites.com

Development Development General Management Europe Croatia

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®...