PPHE Hotel Group Limited Announces Acquisition Of Remaining Interests In Four Hotels In The Netherlands
PPHE Hotel Group is pleased to announce that it has agreed to acquire the remaining 50% interests in, and related loans to, Park Plaza Amsterdam Airport, Park Plaza Victoria Amsterdam, Park Plaza Utrecht and art'otel amsterdam project (together the "Hotels") which the Company does not currently own, from a subsidiary of Elbit Imaging Limited ("Elbit"), for a consideration of €26.5 million.