PPF Real Estate Holding, part of the PPF Group, announced on Friday that it has acquired the Hilton Prague, one of the most iconic hotels in the Czech capital. This investment aims to strengthen the Group’s position in the hotel and conference sector while emphasising its strategic commitment to sustainable growth.
PPF Real Estate Holding (“PPF RE”) has signed an agreement to acquire the landmark Hilton Prague from Quinn Group Luxembourg Hotels (“Quinn Group”), represented by Irish Bank Resolution Corporation (“IBRC”). The financial details of the transaction remain undisclosed.
The acquisition, subject to customary regulatory approvals, enhances the Property Management division of PPF Group (“PPF” or “the Group”) by bolstering its hotel and conference business. With nearly 800 rooms and 5,000 square metres of conference facilities, the Hilton Prague stands as the largest hotel in the Czech Republic and a premier conference venue in Europe.
“PPF Real Estate’s strategy focuses on a comprehensive approach to investing in and managing properties across all segments, including hotels, conference centres, and concert halls. The acquisition of the Hilton Prague aligns perfectly with our approach of creating long-term and sustainable value through active management,” said Robert Ševela, Chairman and CEO of PPF RE.
PPF Real Estate is part of the PPF Group and manages assets worth over €2 billion in the property markets of Europe and the USA.
PPF Group, an international investment group founded in 1991 in the Czech Republic, operates in 25 countries across Europe, North America, and Asia. Its core sectors include telecommunications, media, financial services, e-commerce, real estate, mechanical engineering, and biotechnology. The Group’s mission is to create value through innovation, new technologies, and the continuous enhancement of management practices.
