PPF Real Estate to Acquire Diplomat Hotel in Prague

PPF Real Estate Holding has reached an agreement with Rabbit Holdings Public Company Limited, a Thai real estate and financial services company, to acquire the Diplomat Hotel in Prague. The transaction is subject to standard regulatory approvals.

The acquisition expands PPF Real Estate’s international portfolio, which spans offices, residential properties, and hotels across Europe and North America. Located near PPF Group’s headquarters, the Diplomat Prague is operated by Wyndham Hotels & Resorts under the Vienna House Diplomat Prague brand. The property includes 400 rooms and extensive conference facilities catering to business clients.

Under the terms of a previously concluded agreement with PPF Real Estate, Tomáš Otruba, a member of PPF Group’s supervisory board, will acquire a 5 percent stake in the property.

“Real estate is an important investment pillar for PPF, providing predictable, long-term returns and global geographic diversification. The acquisition of the Diplomat Hotel in Prague reflects this strategic approach and PPF’s ongoing search for investment opportunities,” said Robert Ševela, Chairman and CEO of PPF Real Estate.

No further financial details of the transaction have been disclosed.