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Lafider s.p.a. Selects Corinthia Hotels International to Operate
a Corinthia Branded 274 room Hotel in Algiers,
the Capital of Algeria
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January 24, 2007 -  Malta-based upscale hotel operators Corinthia Hotels International (CHI) announced the signing of a technical assistance agreement and a hotel management services agreement with Algerian hotel-owning company Lafider s.p.a. for the construction and operation of Corinthia Hotel - Algiers - a five-star deluxe hotel complex to be built in the city of Algiers.
 
By virtue of this agreement, CHI will be giving its technical assistance and advice in the planning and design of the Corinthia Hotel  Algiers and will eventually take on the full management of the hotel once it is fully operational and capable of delivering its services to Corinthia's five star deluxe standards.
 
The signing ceremony took place in Algiers on 14th December 2006 between CHI chairman the Hon Karmenu Vella and Lafider president and general manager Mr Omar Abdelaziz El Aweni.
 
Welcoming the new collaboration agreement, the Hon Karmenu Vella stated "We are delighted to be taking on this new project, the first-ever hotel to be flying the Corinthia flag in the wonderful city of Algiers. This new deal is another step forward in CHI's quest at becoming a leading international hotel operator with the Corinthia, Wyndham and Ramada Plaza brands in EMEA. Our pioneering spirit and more than 40 years of experience in the hotel industry give us the necessary drive and full confidence that we will successfully put this property on the international scenario."
 
The five-star Corinthia Hotel Algiers will feature 274 exclusively appointed bedrooms and suites, a business centre and executive floors, a health club with indoor and outdoor pools, a variety of restaurants, a banqueting hall and meeting rooms, and the very latest in conference facilities. All this will be housed in an elegant glass-fronted Tower which will be part of a bigger commercial complex.
 
On his part, Lafider President and Managing Director Mr. Omar Abdelaziz El Aweni said "We are delighted to have provided CHI with its first hotel operation in Algiers and hope that this will be the catalyst for further growth of CHI in the region. We have experienced CHI's "Spirit of Corinthia" culture of Warmth, Colour and Vitality in its many hotels and have no doubt that our combined synergies will now help bring this culture to Algiers as well."
 
Construction work on the Corinthia Hotel - Algiers is scheduled to commence during the first half of 2007, with the hotel set to open its doors in 2009.
 
About Corinthia Hotels
Corinthia Hotels is a luxury brand of five-star hotels in Lisbon, Portugal; Budapest, Hungary; Prague, Czech Republic; St. Petersburg, Russia; Malta; and Tripoli, Libya. Founded by the Pisani family of Malta in the 1960s, the Corinthia brand stands in that proud tradition of European hospitality and its signature services communicate the warmth, colour and vitality of its Maltese heritage. All Corinthia hotels feature state-of-the art conference areas and extensive business traveller facilities. Corinthia Hotels' portfolio includes the award-winning Corinthia Grand Hotel Royal in Budapest, which received Europe's Best Hotel Architecture Award and was selected to join the privileged list of The Most Famous Hotels in the World. Corinthia Hotels is associated with the Wyndham Grand Collection.

About CHI Ltd
CHI Ltd is an international hotel operating joint venture company between Malta based International Hotel Investments plc (IHI) and Wyndham Hotel Group of the US. It has exclusive rights to manage Corinthia, Wyndham and Ramada Plaza hotels in Europe, Middle East and Africa (EMEA). CHI has accumulated over 40 years of experience in delivering a high quality service to hotel guests and an optimum rate of return for owners and investors in diverse business environments. Its expertise extends to management of luxury and upscale properties in city and resort locations, and products ranging from boutique to large conference and meeting hotels.

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Contact:

Corinthia Hotels
MANUEL BRIFFA
Phone: +356 2551 1146
e-mail:mbriffa@corinthia.com
www.corinthiahotels.com

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Also See: The 419-room Sheraton Club des Pins Resort and Towers Opens in Algiers / July 1999
15 Corinthia Owned Hotels Across Europe, Africa and the Mediterranean Will be Rebranded as Ramada Plaza and Wyndham Hotels / August 2006
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