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PPHE Hotel To Develop New City Centre Hotel In Zagreb, Croatia

PPHE Hotel Group Limited (PPH.L), a hospitality real estate group, announced Thursday its plans to develop a new city centre hotel in Zagreb, Croatia, through its subsidiary Arena Hospitality Group d.d.

The company noted that Arena has entered into a 45-year lease for the development and operation of a contemporary branded hotel in Zagreb, Croatia.

The development is subject to obtaining the necessary permits. The hotel is expected to open within 24 months. Once opened, the 115 room hotel will include a destination restaurant and bar, wellness and spa facilities, fitness centre, event space and parking.

Boris Ivesha, President & Chief Executive Officer, PPHE said, "This proposed new hotel in Zagreb adds further growth to our secured £300m pipeline of hotel projects in the UK, Europe and the US. Through our subsidiary Arena, we are continuing to expand our presence in Central Eastern Europe..."

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