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LPP comes to Puro

Anna Pakulniewicz 27 August 2018

POLAND Norwegian-owned Puro Hotel Holding and the Family Investment 3 Limited Liability Company (registered in Gdańsk) have agreed to join forces and invest together in the hospitality business.

Puro Hotel Holding will issue new shares that will be bought by the Family Investment 3. After the transaction, Family Investment 3 will have a 30 pct stake in the Norwegian company. Both parties have agreed to continue developing new hotels and to further strengthen the Puro brand’s presence in the hospitality market. The parties have also agreed that Marek Piechocki will become a member of the board of directors of Puro Hotel Holding.

Marek Piechocki is the president of the board of LPP and the chairman of the supervisory board of Family Investment 3 Limited. LPP is an international retail company based in Gdańsk that designs and sells clothes and accessories. It owns five fashion brands: Reserved, Cropp, House, Mohito and Sinsay, and operates on 21 markets throughout Europe, Asia and Africa.

Puro Hotel Holding is the owner of the Puro hotels in Poland. The company is a developer, owner and operator of hotels under its own Puro brand. It currently has hotels in Wrocław, Kraków, Poznań and Gdańsk with a total of 815 rooms. New hotels in Warsaw and Łódź are set to open in H1 2019. Furthermore, Puro has hotels under preparation in Katowice, another in Warsaw and plans further expansion over the next years.

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