PPHE to open its third Radisson hotel in Berlin

PPHE Hotel Group announced the signing of its third hotel as part of its extended partnership with Radisson Hotel Group on Tuesday, with the Radisson RED Berlin Kudamm set to open in late spring.

PPHE Hotel Group Ltd
23 January 2024 07:51:32

Source: Sharecast

The FTSE 250 company said the property, under a long-term management agreement, would be the second Radisson RED branded hotel operated by its Croatian subsidiary Arena Hospitality Group following the Radisson RED Belgrade in Serbia, set to open in early February.

It noted that the partnership's initial venture, the Radisson Collection Hotel, Grand Hotel Brioni, debuted in Pula, Croatia in 2022.

The transformation of an existing Park Plaza property into the Radisson RED Berlin Kudamm was currently in progress.

PPHE said the refurbished hotel would have 133 rooms, including 14 studios.

“We are delighted to announce the opening of our second Radisson RED hotel, closely following the opening of our first in Belgrade,” said president and chief executive officer Boris Ivesha.

“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.”

Reporting by Josh White for Sharecast.com.

Transferring your account

Transfer your existing ISAs and Share Dealing Accounts and you could save money. In order to transfer, log in to your existing account and complete the online application form. We’ll do the rest for you. It’s free to transfer (we will not charge you). Please check your current provider to see if they have any charges for transferring.

Transfer to us

FTSE 250 ( MCX )

Isin: N/A

Exchange: London Stock Exchange

Sell:

0.00

Buy:

0.00

Change: 229.86 ( 1.11 %)

Date:

27/05/2025 - 17:04

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Bank of Scotland is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

Bank of Scotland Share Dealing Service is operated by Halifax Share Dealing Limited. Halifax Share Dealing Limited. Registered in England and Wales No. 3195646. Registered Office: Trinity Road, Halifax, West Yorkshire HX1 2RG. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.