2012-10-08 14:39:17 -
Rezidor announces the signing of nine new hotels featuring over 2,000 rooms and
opening of four new hotels with more than 600 rooms in the third quarter of
2012. Year-to-date, the group added 26 hotels with 5,900 rooms to its pipeline
and opened 13 hotels featuring 2,900 rooms.
As a crucial part of the Route 2015 target, Rezidor continuous to signal its
commitment to asset-light growth strategy focusing on profitable growth through
management and franchise contracts in emerging markets. Almost all openings and
signings in the third quarter were fee-based and in the emerging markets of
Eastern Europe, the Middle East and Africa.
The third quarter new
openings include two new-build hotels in sub-Saharan
Africa, where there is a shortage of internationally branded hotel
accommodation, including Radisson Blu Hotel, Lusaka in Zambia and Park Inn by
Radisson, Téte in Mozambiqe. Rezidor has currently 22 hotels (5,400 rooms) in
operation and another 27 hotels (5,600 rooms) in the pipeline in Africa.
The third quarter saw the opening of the following hotels, all under management
and franchise contracts:
Park Inn by Radisson, Tete, Mozambique 117 rooms
Radisson Blu Resort, Bukovel, Ukraine 252 rooms
Park Inn by Radisson, Odintsovo Moscow, Russia 121 rooms
Radisson Blu Hotel, Lusaka, Zambia 142 rooms
As part of the company's ongoing efforts in Asset & Contract Management, Rezidor
also successfully completed the extension of a portfolio of six management
agreements. The total portfolio features 1,400 rooms, including five Radisson
Blu hotels in the Middle East and one Park Inn in France. These hotels represent
a significant brand presence in the region and are of strategic importance to
Rezidor has also renewed an important lease agreement for the Radisson Blu
SkyCity Hotel, Stockholm-Arlanda Airport, confirming the strategy to secure
profitable leases. This extension also includes the operation of the adjacent
conference centre and addition of 30 new rooms to the hotel inventory. With this
signing, all of Rezidor's profitable leases with initial expiration before 2015
have now been successfully extended.
In September 2012, Rezidor also signed a Strategic Alliance Agreement with
Formosa International Hotels Corporation (FIH), to develop hotels under the
Regent Hotels & Resorts brand in the EMEA region with exclusive rights for the
Middle East, Africa, Russia, CIS and Baltics. This alliance broadens Rezidor's
brand scape to feature luxury segment, in addition to upper up-scale (Radisson
Blu), mid-market (Park Inn by Radisson) and fashion hotel segment (Hotel
The continued momentum of openings and signings, and strategic partnerships are
helping Rezidor to deliver firmly on its Route 2015 target of uplifting the
EBITDA margin by 6-8 percentage points by 2015. By the end of September 2012,
Rezidor operated 335 hotels with 73,200 rooms in 56 countries across Europe, the
Middle East and Africa. The group's portfolio features additional 100+ hotels
and 21,800 rooms in the pipeline.
For further information, kindly contact:
Christiane Reiter, Senior Director Corporate Communication
+32 2 702 9331, firstname.lastname@example.org
Renu Snehi, Senior Director Corporate Communication
+32 2 702 9241, email@example.com
Ebba Vassallo, Director Investor Relations
+32 2 702 9286, firstname.lastname@example.org
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 435 hotels in operation
and under development with over 95,000 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.
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Source: Rezidor Hotel Group via Thomson Reuters ONE