Picture of PPHE Hotel logo

PPH PPHE Hotel News Story

0.000.00%
gb flag iconLast trade - 00:00
Consumer CyclicalsBalancedMid CapMomentum Trap

RCS - PPHE Hotel Grp Ltd - PPHE to open the first Radisson RED in Berlin

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240123:nRSW5280Aa&default-theme=true

RNS Number : 5280A  PPHE Hotel Group Limited  23 January 2024

 

23 January 2024

 

PPHE Hotel Group Limited

("PPHE" or the "Group")

 

PPHE to open the first Radisson RED in Berlin

 

Third hotel to open under extended strategic partnership with Radisson Hotel
Group

 

PPHE Hotel Group, the international hospitality real estate group which
develops, owns, and operates hotels and resorts, is pleased to announce the
signing of its third hotel under its extended partnership with Radisson Hotel
Group.

 

The Radisson RED Berlin Kudamm in the heart of Berlin is set to open in late
spring 2024 and will be the second Radisson RED branded hotel to be operated
by PPHE's Croatian subsidiary Arena Hospitality Group under a long-term
management agreement. This follows the imminent launch of the Radisson RED
Belgrade, Serbia, which is set to open early February 2024. The Grand Hotel
Brioni in Pula, Croatia, was the first hotel to open under the extended
partnership as a Radisson Collection Hotel in 2022.

 

The repositioning programme of an existing property of the Group to Radisson
RED Berlin Kudamm is well underway. The property is located steps from
Kurfürstendamm, commonly known as Ku'damm, Berlin's iconic boulevard and one
of its most famous shopping streets. The hotel will offer 133 rooms including
14 studios and will have a progressive design scheme consisting of
contemporary yet timeless and elegant interiors with strong art and design
features that are aligned with Radisson RED's signature creative and bold
aesthetic.

 

This latest hotel further demonstrates PPHE and Radisson Hotel Group's
intention to leverage each other's brands and strengths to accelerate
expansion, generate additional income through global distribution and the
Radisson Rewards membership programme, and drive - and benefit from - enhanced
brand awareness.

 

Boris Ivesha, President & CEO, PPHE Hotel Group commented:

"We are delighted to announce the opening of our second Radisson RED hotel,
closely following the opening of our first in Belgrade. We believe the dynamic
Radisson RED brand will be an excellent addition to the hotel market in one of
Europe's most vibrant capital cities, and will complement our already
diversified hotel portfolio. This marks the continuation of our more than
20-year successful partnership with Radisson Hotel Group, which is a key part
of our Group growth strategy. We look forward to welcoming guests in Berlin
and seeing what the future holds more broadly for this partnership."

 

Elie Younes, Executive Vice President & Global Chief Development Officer
at Radisson Hotel Group, commented:

"We are excited to bring our vibrant and dynamic Radisson RED brand to Berlin
and extend our strategic partnership with PPHE Hotel Group and its Croatian
subsidiary Arena Hospitality Group. This is our second Radisson RED hotel
under this partnership as we continue to collaborate on growth opportunities
across our portfolio of brands."

 

- Ends -

 

Enquiries:

 

 PPHE Hotel Group Limited                                      Tel: +31 (0)20 717 8600
 Daniel Kos, Chief Financial Officer & Executive Director
 Robert Henke, Executive Vice President of Commercial Affairs
 Hudson Sandler - Financial PR                                 Tel: +44 (0)20 7796 4133
 Wendy Baker / Charlotte Cobb / India Laidlaw                  pphe@hudsonsandler.com (mailto:pphe@hudsonsandler.com)

 

Notes to Editors:

 

PPHE Hotel Group is an international hospitality real estate company, with a
£2.0 billion portfolio, valued as at December 2022 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 (http://www.pphe.com) |
www.arenahospitalitygroup.com (http://www.arenahospitalitygroup.com)

 

For reservations:

www.parkplaza.com (http://www.parkplaza.com) | www.artotel.com
(http://www.artotel.com) | www.arenahotels.com (http://www.arenahotels.com) |
www.arenacampsites.com (http://www.arenacampsites.com)

 

About Radisson Hotel Group:

 

The Radisson family of brands can be found around the world in more than 120
countries, with currently over 1,700 hotels in operation and under
development. Radisson Hotel Group operates the business in EMEA and APAC with
over 1,100 hotels in operation and under development. The international hotel
group is rapidly growing with a plan to significantly grow the portfolio. The
Group's overarching brand promise is Every Moment Matters with a signature Yes
I Can! service ethos.

 

The Radisson family of brands portfolio includes Radisson Collection, Radisson
Blu, Radisson, Radisson RED, Radisson Individuals, Park Plaza, Park Inn by
Radisson, Country Inn & Suites by Radisson, and prizeotel brought together
under one commercial umbrella brand Radisson Hotels.

 

Radisson Rewards (https://www.radissonhotels.com/en-us/rewards) is Radisson
Hotel Group's loyalty program, which delivers an elevated experience that
makes Every Moment Matter. As the most streamlined program in the sector,
members enjoy exceptional advantages and can access their benefits from day
one across a wide range of hotels in Europe, Middle East, Africa, and Asia
Pacific.

 

Radisson Meetings
(https://www.radissonhotels.com/en-us/meeting-conference-hotels) provides
tailored solutions for any event or meeting, including hybrid solutions
placing guests and their needs at the heart of its offer. Radisson Meetings is
built around three strong service commitments: Personal, Professional and
Memorable, while delivering on the brilliant basics and being uniquely 100%
Carbon Neutral.

 

At Radisson Hotel Group we care for people, communities and planet
(https://www.radissonhotels.com/en-us/corporate/responsible-business) and aim
to be Net Zero by 2050 based on the approved near-term Science Based Targets.
With unique solutions such as 100% carbon neutral Radisson Meetings, we make
sustainable hotel stays easy. To facilitate sustainable travel choices, all
our hotels are becoming verified on Hotel Sustainability Basics.

 

The health and safety of guests and team members remain a top priority for
Radisson Hotel Group. All properties across the Group's portfolio are subject
to stringent health and safety requirements, as outlined in the Radisson
Hotels Safety Protocol (https://www.radissonhotels.com/en-us/health-safety) .
The Safety Protocol is an integral part of Radisson Hotel Group's Safety and
Security program ensuring we always care for our guests and team members.

 

For more information, visit our corporate website
(https://www.radissonhotels.com/corporate) . Or connect with Radisson Hotels
on:

 

LinkedIn (https://www.linkedin.com/company/radisson-hotel-group/) | Instagram
(https://www.instagram.com/radissonhotels/) | Twitter
(https://twitter.com/radissonhotels) | Facebook
(https://www.facebook.com/radissonhotels) | YouTube
(https://www.youtube.com/radissonhotelgroup)

 

About Radisson RED:
 

Radisson RED is an (upper) upscale hotel brand that presents a playful twist
on the conventional. The brand injects new life into hospitality through
informal services where anything goes, a social scene that's waiting to be
shared and stylish public spaces with standout design to inspire our guests.
Radisson RED hotels are designed to fit the needs of our guests by giving them
endless opportunities to tune in and out switching effortlessly between
business and pleasure. Guests and professional business partners can enhance
their experience with Radisson RED by participating in Radisson Rewards, an
international loyalty program offering exceptional benefits and rewards.

 

Radisson RED is a part of the Radisson family of brands, which also includes
Radisson Collection, Radisson Blu, Radisson, Radisson Individuals, Park Plaza,
Park Inn by Radisson, Country Inn & Suites by Radisson, and prizeotel
brought together under one commercial umbrella brand Radisson Hotels.

 

For reservations and more information, visit our website
(https://www.radissonhotels.com/red) . Or connect with Radisson RED on:

 

LinkedIn (https://www.linkedin.com/company/radisson-red) | Instagram
(https://www.instagram.com/radissonred) | Twitter
(https://twitter.com/radissonred) | Facebook
(https://www.facebook.com/radissonred) | YouTube
(https://www.youtube.com/playlist?list=PLDuJbevwCgCe5kFytpCAi2jDZE4TNa5Qb)

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFLFIALDIFFIS

Recent news on PPHE Hotel

See all news