Source - RNS
RNS Number : 4804I
PPHE Hotel Group Limited
31 August 2016


31 August 2016


PPHE Hotel Group Limited

(the Company)


Interim Dividend

The Company is pleased to report that the Board of Directors has approved the payment of an interim dividend of 10 pence per ordinary share of the Company, for the period ended 30 June 2016, to all shareholders who are on the register as at 9 September 2016.


The interim dividend is to be paid on 7 October 2016.  The shares of the Company will go ex-dividend on 8 September 2016.




PPHE Hotel Group Limited


Chen Moravsky, Deputy Chief Executive Officer
& Chief Financial Officer

Tel: +31 (0)20 717 8603

Hudson Sandler Financial Public Relations


  Wendy Baker / Katie Cohen

Tel: +44 (0)20 7796 4133



Notes to editors


PPHE Hotel Group Limited is a Guernsey registered company and through its subsidiaries, jointly controlled entities and associates, owns, leases, operates, franchises and develops full service upscale and lifestyle hotels in major gateway cities, regional centres and select resort destinations, predominantly in Europe.


The majority of the group's hotels operate under two distinct brands, Park Plaza® Hotels & Resorts and art'otel®. The group has an exclusive licence from Carlson, a global privately held hospitality and travel company, to develop and operate Park Plaza® Hotels & Resorts in Europe, the Middle East and Africa. The art'otel® brand is fully owned by the group.


The group owns a controlling interest in the Arenaturist group, one of Croatia's leading hospitality companies.


The portfolio of owned, leased, managed and franchised hotels comprises 38 hotels in operation offering a total of nearly 8,400 rooms. The development pipeline includes four new hotel projects and one hotel extension and reconfiguration. These developments are expected to add over 800 rooms to our portfolio by the end of 2016 and an additional 500 rooms by the end of 2019.


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