The Kellner Family Foundation plans an extension of the Open Gate School campus, acquiring the grounds of the former Hotel Praha
PPF Group today announces that it has acquired the grounds of the former Hotel Praha, located in the Hanspaulka residential area of Prague, in order to expand the Open Gate School campus and premises. A subsidiary of Open Gate a.s., CleverNet, already owns the nearby Hadovka property asset and surrounding land. The Kellner Family Foundation plans to build the new Open Gate primary and grammar school on the site.
The Hotel Praha was originally built for the Communist Party elite’s exclusive use, providing accommodation services to high-ranking officials. PPF Group is to finish the existing demolition plan for the Hotel Praha. The Hotel gardens are to become part of the new Open Gate School campus once the project is completed.