PPF Real Estate agrees to acquire Hilton Prague, expanding in the Czech capital’s hospitality and conference sector

The transaction, subject to customary regulatory approvals, bolsters the hospitality and conference operations of the property management division of PPF Group (“PPF” or “the Group”). With nearly 800 rooms and about 5,000 square meters of conference space, Hilton Prague is the largest hotel in the Czech Republic and one of Europe’s leading conference venues.

“PPF Real Estate's strategy centers on a comprehensive approach to investment and management of the properties in our portfolio across all segments, including hospitality, conference, and concert venues. Investment into Hilton Prague perfectly fits our investment approach where we can create long-term and sustainable value through active management,” says Robert Ševela, PPF RE’s Chairman and CEO.