1、PPHE Hotel Group Annual Report 2013 Annual Report 2013INVESTING IN QUALIT Y2013 HIGHLIGHTS Achieved year-on-year revenue growth Completed 350.0 million refinancing of key hotels in London and The Netherlands,which includes a significant capital expenditure allocation Secured a new 30.0 million facil
2、ity for corporate purposes,including existing and prospective developments Acquired an office building to develop a new hotel near Waterloo Station in London,United Kingdom Acquired freehold interests in two hotels in Berlin,Germany Opened flagship five-star artotel amsterdam,incorporating 5&33,a de
3、stination bar,restaurant and gallery,in The Netherlands Completed 127-room extension of Park Plaza Histria Pula in Croatia Completed renovations at artotel budapest in Hungary and Park Plaza Medulin in Croatia Successfully opened TOZI,an Italian restaurant at Park Plaza Victoria London,United Kingdo
4、m Obtained planning permission for an extension at Park Plaza Riverbank London,United Kingdom Sold development site in Pattaya Bay,Thailand for a profit consideration of which is deferred for three years Paid a final dividend of 6.0 pence per share for 2012 and a 2013 interim dividend of 6.0 pence p
5、er share2014 HIGHLIGHTS TO DATE Entered into a 50:50 joint venture for two hotels in Berlin,Germany,while continuing to manage these hotels under long-term operating agreements Obtained planning permission to develop 438-room hotel near Waterloo Station in London,United Kingdom For the last two year
6、s the Board has recommended the payment of an interim and final dividend of 6.0 pence per share making a total of 12.0 pence per share for each year.The Board is proposing the payment of an increased final dividend of 8.0 pence per share,which when combined with the interim dividend of 6.0 pence per