PPF Real Estate to acquire Four Seasons Hotel in Prague
PPF Real Estate Holding has entered into an agreement with Northwood Investors to acquire the Four Seasons Hotel in Prague. This transaction will strengthen PPF Group's position in the real estate sector in the hotel sector. This is stated in the company's message.
Investor Tomas Otruba will acquire a minority stake in Four Seasons Hotel Prague. He has been a member of the advisory board of AMALAR Holding of the Kellner family since 2023. Investor Michal Strnad, owner of Czechoslovak Group (CSG), will also become a partner and co-owner of the project with a minority stake. CSG is not involved in the transaction.
PPF Real Estate Holding is a major developer and investor, owns real estate in the markets of Europe and the USA. The company manages and expands its portfolio of real estate properties and projects with the potential to increase value in prestigious areas. PPF Real Estate Holding operates in the Czech Republic, Germany, the Netherlands, Poland, Romania, Ukraine, the United Kingdom and the United States.
Northwood Investors is an international real estate investment company.