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 Raffles Renames Four Landmark Hotels; 
Appoints Yvette Thuering General Manager at
Raffles Brown's Hotel, London
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March 18, 2002 - Raffles International Limited (RIL) today announced that four of its landmark Raffles brand hotels -- Hotel Vier Jahreszeiten Hamburg, Brown's Hotel London, Hotel Le Royal Phnom Penh and Grand Hotel d'Angkor Siem Reap -- will bear the "Raffles" name from 18 March 2002.
    
They will be renamed Raffles Hotel Vier Jahreszeiten, Raffles Grand Hotel d'Angkor, Raffles Hotel Le Royal and Raffles Brown's Hotel. This is in line with RIL's strategy to consolidate the brand identity of its landmark and premium hotels and create stronger brand recognition and recall.
    
The renaming comes five years after the four hotels became wholly owned by Raffles Holdings Limited and managed by RIL.
    
Mr. Richard Helfer, Chairman and Chief Executive Officer of RIL, explains, "It is not our style to simply place our name on landmark properties without first earning the respect and acceptance of our stakeholders, which include guests and the community we operate in. Moreover, we would need to consider if this action fits in with our overall brand strategy." The time taken in renaming these four hotels reflects the emphasis Raffles International management places on values such as the ability to deliver on our brand promise, respect for history and heritage, and sensitivity to the community, Mr. Helfer reinforces.
    
Those actions undertaken by RIL to elicit stakeholder consent include capital programmes ranging from restoration of the properties, opening of training centres in countries such as Cambodia, to involvement with community in supporting endeavours such as the arts and charity. Prestigious awards won by these hotels under RIL in the last five years bear witness to the industry and community's vote of confidence in its management.
    
Mr. Helfer added, "We're mindful of the value of the past. By adding the Raffles name to the original names of these four hotels, we have now added a sublime detail and a stronger brand element that meld together a collection of distinctive properties that share similar attributes of timeless elegance, classic style and fine tradition."
 
 
Yvette Thuering Appointed General Manager,
Brown's Hotel, London, United Kingdom

March 18, 2002 - Raffles International Hotels & Resorts is pleased to announce the appointment of Yvette Thuering as the new general manager of Brown's Hotel London. Replacing Peter Richards who resigned from the company, Ms. Thuering was the past immediate General Manager of Swissotel Amsterdam.

Ms. Thuering, a Swiss national, has been in the hospitality industry for more than twenty-two years. She has held various senior management positions in both operating roles as well as pre-opening teams with major international hotels in Switzerland, Germany, China, Brazil, Mexico, Ecuador, USA and Holland. Prior to joining the Swissotel Group, she was with Euro Hospitality Management L.L.C.

Her hotel career hails from her early beginning with a family-owned hotel at the age of 29. Ms. Thuering speaks fluent German, French, English and Spanish.

The worldwide announcement of the name change will be augmented by direct mail, advertising and promotional activities, including contests. Other activities in the pipeline to publicise this change include RIL-sponsored events at the International Tourisme Bourse (ITB) Show in Berlin, a major hospitality trade show for hotels and vendors of hospitality goods and services in Europe.
    
About Raffles International
    
Raffles International Limited, formed in 1989, is a name well respected in the industry for its standards of quality, award-winning concepts and innovative approach towards hotel management.
    
Raffles International's hotels and resorts are marketed under a two-tiered brand structure. The "Raffles brand" hotels distinguish themselves by the highest standards of products and services available in major cities on an international level. The "Swissotel" and "Merchant Court" hotels offer quality accommodation and the full range of modern facilities and amenities expected by today's discerning traveller, with an emphasis on quality and comfort. Many hotels in the Raffles International portfolio have been voted top hotels in the world.
    
These include the legendary Raffles Hotel Singapore, Brown's Hotel London, Hotel Vier Jahreszeiten Hamburg, Raffles L'Ermitage Beverly Hills and Le Montreux Palace. Raffles International also operates Amrita Spa, the largest spa network in Asia and the SPAcademy, Singapore's premier spa education and skills training institute. The Raffles International Training Centres in Singapore and Phnom Penh offers training programmes for the hospitality and service industry.
    
About Raffles Holdings and CapitaLand
    
Raffles International Limited is the hotel management subsidiary of Raffles Holdings Limited. Raffles Holdings Limited's portfolio comprises hotels and resorts in 33 destinations across the six continents of Asia, Europe, North America, South America, Australia and Africa. Raffles Holdings is a subsidiary of CapitaLand Limited. Both companies are listed on the Singapore Stock Exchange.
    
CapitaLand is one of the fastest growing listed property companies in Asia.  CapitaLand's diversified big interests cover commercial and industrial buildings, residential, serviced residences, hotels and hospitality, property funds, real estate financials and property services. Headquartered in Singapore, the multinational company has property, hospitality and property related products and services spanning more than 50 cities.

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Contact:
Raffles International Hotels & Resorts
Brown's Hotel London
Julee C. Cooke, 
Area Director, Marketing Communications (Americas)
     +1-954-447-2510
[email protected]
http://www.raffles.com/

Also See Raffles Holdings Limited Enters Agreement to Acquire Swissotels for Approximately US $240.0 million; Includes Management Contracts for 23 Hotels / April 2001 
The Power and Potential of Branding Explored by HSMAI / May 2000 


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