Pphe Hotel Regulatory News (PPH)

31 Oct 2008 12:25



31 October 2008

PARK PLAZA HOTELS LIMITED

("Park Plaza" or the "Group")

Termination of Management Contract

Park Plaza Hotels Limited, the owner, operator and franchisor of hotels in Europe, the Middle East and North Africa, has been informed that its management contract for Park Plaza Astrid in Antwerp (Belgium) has been terminated, effective from 23 December 2008. Under the terms of the agreement Park Plaza is entitled to 12 months of management fees on termination of the contract.

www.parkplazahotels.net 

Enquiries:

Park Plaza 

Boris Ivesha Tel: +44 (0)20 7034 4800

Chen Moravsky Tel: +31 (0)20 305 8351

Hudson Sandler

Wendy Baker  Tel: +44 (0)20 7796 4133

Fran Read

Notes to Editors

Park Plaza Hotels Limited is owner, operator and franchisor of hotels in Europe, the Middle East and Africa. The majority of the group's hotels operate under the Park Plaza Hotels & Resorts brand (part of Carlson Hotels Worldwide), over which the Group has exclusive rights in 56 countries in EMEA or art'otel, a brand to which the Group has exclusive worldwide rights. Park Plaza Hotels also manages the luxury all-suite Plaza on the River - Club and Residence, London. 

Through it strategic partnership with Carlson, one of the world's largest travel and hospitality companies, Park Plaza Hotels has access to Carlson's powerful reservation and distribution system, airline partnerships with 19 airlines, loyalty programmes such as goldpointsplusSM for guests and Look To Book® for travel agents, and cross-selling opportunities.

There are currently 39 hotels and aparthotels and over 7,300 rooms in the Group's portfolio. By 2010, the Group's committed projects and territorial franchise agreements are expected to increase the number of rooms to over 10,000.

Projects already under development include Park Plaza Marrakech (2009), Park Plaza Nuremberg (2009), art'otel cologne (2009), art'otel marrakech (2009) and Park Plaza Westminster Bridge, London (2010). Park Plaza Hotels floated on London's AIM Stock Market in July 2007.