Northwood Investors to acquire Four Seasons Hotel Prague from PPF.

Northwood Investors, a global real estate investment company, agreed to acquire Four Seasons Hotel Prague, the 5-star hotel, from PPF, an international investment group. Financial terms were not disclosed. "The acquisition of the Four Seasons Hotel further strengthens PPF Real Estate's position in the Prague hospitality market. This transaction aligns with our successful pursuit of the geographic and sector diversification of our asset portfolio. I am delighted that we have joined forces with Michal Strnad in the acquisition of Four Seasons Hotel Prague, who shares the philosophy of PPF Group about the longevity of real estate investments," Robert Ševela, PPF Real Estate Holding Chairman and CEO.