Rezidor Hotel Group : Rezidor signed four new hotel projects and opened five new hotels in Q4-2012

 Rezidor Hotel Group : Rezidor signed four new hotel projects and opened five
                            new hotels in Q4-2012

The Rezidor  Hotel Group  signed four  new hotels  with over  1,200 rooms  and 
opened five  new  hotels with  1,100  rooms in  the  fourth quarter  of  2012. 
Year-to-date, the group added 30 hotels  with 7,100 rooms to its pipeline  and 
opened 18 hotels featuring 4,000 rooms.  Two franchised hotels with 250  rooms 
left the system in Q4. A total of five hotels and 700 rooms left the system in
2012, resulting in net openings of 3,200 rooms.

Rezidor continues to  signal its commitment  to profitable asset-light  growth 
with all hotel openings  and signings in 2012  under management and  franchise 
contracts. At the end of 2012,  Rezidor's operating portfolio consists of  338 
hotels with 74,000 rooms  in 56 countries across  Europe, the Middle East  and 
Africa. The group's  portfolio features  an additional 100  hotels and  22,000 
rooms in the pipeline.

The fourth quarter  of 2012  hotel openings are  in mature  markets of  France 
(Lille and Nantes) and key cities  in emerging markets such as Kiev,  Budapest 
and Sochi. New hotel openings include:

Radisson Blu Hotel, Kyiv Podil, Ukraine            164 rooms
Radisson Blu Hotel, Nantes, France              142 rooms
Radisson Blu Resort & Congress Centre, Sochi, Russia   508 rooms
Park Inn by Radisson Lille Grand Stade, France       127 rooms
Park Inn by Radisson Budapest, Hungary          138 rooms

Signings in the fourth quarter 2012  included projects in mature markets  such 
as the Park Inn by Radisson  Amsterdam and two conversions under the  Radisson 
Blu brand in Germany: Dortmund and Bremen. "Hotel conversions are an important
part of our growth strategy, adding scale and contributing to our bottom  line 
immediately," says  Elie  Younes,  Senior  Vice  President  &  Head  of  Group 
Development.  These  additions  will  ideally  complement  Rezidor's   already 
existing strong network in one  of our key markets",  adds Younes. 80% of  the 
total signings in  2012 were in  Eastern Europe, the  Middle East and  Africa, 
clearly signalling the group's focus on emerging markets.

Asset & Contract  Management continues  to be another  strategic priority  for 
Rezidor and as  a part  of this  ongoing effort,  in October  2012, the  group 
announced the exit from seven  unprofitable lease agreements in France.  These 
hotels will be operated by Rezidor under management agreements going  forward. 
In January  2013,  the  group  also announced  the  conversion  of  two  lease 
agreements into franchise agreements  for the Park Inn  by Radisson Malmö  and 
the Park Inn by Radisson Hammarby  Sjöstad in Sweden. Together, the two  asset 
management deals represent  a positive effect  of 0.5% on  the group's  EBITDA 
margin going forward.

"These very important asset management  transactions are supporting our  Route 
2015 goal to lift Rezidor's EBITDA margin by 6-8 percentage points by 2015. It
is of fundamental importance to the group to further optimise our portfolio of
leased hotels, secure more profitable  income streams through our  asset-light 
expansion, and  reduce the  leverage of  the company",  commented Wolfgang  M. 
Neumann, President & CEO at Rezidor."

For further information, kindly contact:
Christiane Reiter, Senior Director Corporate Communication
+32 2 702 9331, christiane.reiter@carlsonrezidor.com

Renu Snehi, Senior Director Corporate Communication
+32 2 702 9241, renu.snehi@carlsonrezidor.com

Ebba Vassallo, Director Investor Relations
+32 2 702 9286, ebba.ankarcrona@carlsonrezidor.com

About the Rezidor Hotel Group
The Rezidor Hotel Group is one of the fastest growing hotel companies
worldwide and a member of the Carlson Rezidor Hotel Group, one of the world's
ten largest hotel groups. Rezidor features a portfolio of more than 438 hotels
in operation and under development with over 96,000 rooms in 71 countries.
Rezidor operates the brands Radisson Blu and Park Inn by Radisson in Europe,
the Middle East and Africa, along with the Club Carlson^SM loyalty programme
for frequent hotel guests. Under a worldwide licence agreement with the iconic
Italian fashion house Missoni, Rezidor also operates and develops the luxury
lifestyle brand Hotel Missoni. In September 2012, Rezidor signed a strategic
alliance agreement with Regent Hotels & Resorts to develop and operate new
Regent properties in Europe, the Middle East & Africa.

Since November 2006, Rezidor is listed on the Stockholm Stock Exchange (REZT).
Carlson, a privately held, global hospitality and travel company, based in
Minneapolis (USA), is the majority shareholder.

The Corporate office of The Rezidor Hotel Group is based in Brussels, Belgium.
For more information, visit www.rezidor.com.

Press Release

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Rezidor Hotel Group via Thomson Reuters ONE
HUG#1670573
 
Press spacebar to pause and continue. Press esc to stop.