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Home News Deals Acquisition

PPF Real Estate Acquires Hilton Prague

David Stuckey by David Stuckey
February 28, 2025
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PPF Real Estate Acquires Hilton Prague
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PPF Real Estate — a subsidiary of the PPF Group, which is owned by Czech billionaire Renata Kellnerova and her family — has acquired Quinn Hotels Praha, a.s., the owner of the Hilton Prague, the largest hotel in the Czech Republic.

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The Czech Office for the Protection of Competition approved the transaction at the end of January, concluding that the merger posed no threat to market competition.

Financial details of the deal were not disclosed, but Hospodarske Noviny presumed that the purchase price potentially exceeded EUR 350 million (over CZK 8.8 billion).

Quinn Hotels Praha is controlled by Irish investors, with its sole shareholder being Quinn Group Luxembourg Hotels.

PPF Real Estate was advised on the deal by the BBH law firm, which describes the transaction as “the largest single-asset hotel sale in CEE to date,” and “the biggest real estate deal in the Czech Market of 2024.”

Image source: www.youtube.com

Tags: Czech Republic
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David Stuckey

David Stuckey

A founder and former Executive Editor of CEE Legal Matters Kft., now writing for CEE Real Estate Matters. A professional writer, editor, publisher, consultant, and entrepreneur, and an amateur tennis player, cinephile, and bon vivant.

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CEE Real Estate Matters

CEE Real Estate Matters is an online and eZine format publication dedicated to the fast-moving real estate markets in Central and Eastern Europe. Our diligent team of journalists works tirelessly to bring about news and analysis in five key areas: residential, office, retail, logistics and proptech. We guide real estate professionals through the complexities of these sectors, from stand-out development projects and deals, to financing, legislation and big executive moves.


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