One of the most dynamic hospitality groups in Central and Eastern Europe

We are the first Croatian company to own and operate hotels outside Croatia and to be granted an exclusive right to operate and develop hotels under an international recognised brand, which is part of one of the world’s largest hotel groups. This exclusive right to operate and develop hotels under the Park Plaza® brand covers 18 countries in Central and Eastern Europe, providing the Group with excellent growth prospects across the region.

Our key dates

2023 2022 2021 2020/21 2020 2019/20 2019 2018 2017 2016 2011/15 2008 2007 1994 1974

€18m art'otel Zagreb opening. €3,3m art'otel budapest refurbishment phase two. €3m Hotel 88 Rooms renovation and rebranding to Radisson RED Belgrade.

Upgrade of Arena Stoja Campsite and Arena Grand Kažela Campsite. €3,5m upgrade of Arena Franz Ferdinand Nassfeld. Completion of Grand Hotel Brioni Pula. €3,2m art'otel budapest refurbishment phase one.

€15m acquisition of FRANZ Ferdinand Mountain Resort Nassfeld

€35m extensive redevelopment of Hotel Grand Brioni

€7m acquisition of Hotel Riviera, Pula. €6m acquisition of Hotel 88 Rooms Belgrade. 45-year leasehold property in Zagreb to develop luxury hotel.

€8m major refurbishment of Arena Verudela Beach Apartments.

€28m investment in redevelopment of Arena Grand Kažela Campsite. 

Transition into PRIME market of ZSE. €10m investment in new development of Arena One 99 Glamping site.

Trading begins following a successful SPO raising €100m. Croatia's first and largest international public offering since 2007 and first of its kind in Tourism sector, with position taken by investors from USA, western Europe and CEE region.

PPHE acquires 80% interest in Arena. Arena listed in official markets of ZSE and acquires control of 8 hotels (Germany and Hungary portfolio)

€55m extensive capital investment into refurbishing, rebranding and upgrading 5 properties (1551 units)

PPHE Hotel Group acquires 20% interest

Goldman Sachs acquires 74% stake

Privatisation of the Company

Founding of the company

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