PPF Real Estate Holding has signed an agreement with global investment firm Northwood Investors to acquire the Four Seasons Hotel in Prague. The transaction, which remains subject to regulatory approval, marks an expansion of PPF Group’s presence in the hotel sector and supports its strategy to diversify its real estate portfolio across both asset types and regions. Investor Tomáš Otruba, who has held a minority stake in the hotel since 2023 through his association with the AMALAR Group linked to the Kellner family, will continue to participate in the project. Michal Strnad, owner of the Czechoslovak Group (CSG), is also involved as a minority partner and co-owner, though CSG is not formally part of the transaction. The Four Seasons Hotel, located in the historic centre of Prague, is considered one of the city’s leading luxury hotels. The property will join PPF Real Estate’s existing hospitality portfolio, which includes the Hilton Prague—the largest hotel in the Czech Republic—and the Stages Hotel near Prague’s O2 Arena. According to Robert Ševela, Chairman of the Board and CEO of PPF Real Estate Holding, the planned acquisition is part of a broader effort to strengthen and balance the company’s investments. He noted the importance of partnerships aligned with PPF’s long-term approach to property ownership. No financial or contractual details of the transaction have been disclosed.