PPF Real Estate Group has acquired Diplomat Prague RE, the owner of the four-star, full-service Diplomat Prague hotel, from Lombard Real Estate.
The deal follows PPF’s 2024 purchase of the Hilton Prague Hotel (reported by CEE Real Estate Matters on February 28, 2025) and its joint venture relating to the Four Seasons Hotel Prague (reported by CEE Real Estate Matters on April 24, 2025).
Lombard Real Estate is a subsidiary of Rabbit Holdings Public Company Limited, a Thailand-based investment firm specializing in financial services and real estate.
BBH advised PPF Real Estate Group on the acquisition and Schoenherr advised the sellers (as reported by CEE Legal Matters on September 30, 2025).
Image source: hotelsprague.cz