December,
2010 -
The Rezidor Hotel Group
announces a third consecutive record year of openings: in 2010, the
company opened 7,200 rooms and exceeded their results of 2008 (6,500
rooms) and 2009 (7,100 rooms). “Throughout the global downturn we have
kept our growth pace and momentum. Moreover, we have grown in a
balanced and profitable way and fully aligned with our asset-light
business model”, said Puneet Chhatwal, Senior Vice President &
Chief Development Officer of Rezidor.
Among the highlights of Rezidor’s openings in 2010 were flagships such
as the Radisson Blu Hotel, Milan, one of the most stylish hotels in the
city; the Radisson Blu Gautrain Hotel, Sandton Johannesburg in the
heart of South Africa’s most important financial district; and the
luxurious Radisson Royal Hotel, Moscow, the former Hotel Ukraina, one
of Stalin’s legendary “Seven Sisters” skyscrapers. Rezidor also
concluded an outstanding portfolio deal in April 2010 and took over the
management of the former Reval Hotels, the biggest hotel chain in the
Baltics (2,300 rooms in 10 hotels in Latvia, Estonia, Lithuania and
Russia). Also in 2010, 18 hotels were opened under the Park Inn by
Radisson brand. These included projects in European cities such as
Frankfurt, Oslo and Stockholm – hotels which demonstrate Rezidor’s
continued success in developing the brand in their home markets.
“We are well positioned for the upturn and continuing our ongoing
success story. Our pipeline is ever-expanding, and the Radisson Blu and
Park Inn by Radisson European pipelines are the largest in their
respective market segments”, continued Chhatwal. Across Europe, Middle
East and Africa Rezidor has 20,000 rooms under development which are
scheduled to come online during the next three years – over 95% of this
pipeline consist of fee-based management and franchised contracts.
“Our strategy of further profitable growth through such non-committed
contracts includes a strong focus on the emerging markets of Russia/CIS
and Africa, which offer great potential due to considerable natural
resources, high GDP growth, and a lack or undersupply of
internationally-branded hotel rooms”, commented Chhatwal. Notable
projects scheduled for 2011 include the second Hotel Missoni: Hotel
Missoni Kuwait is sure to impress with a unique design combining
Missoni’s bold and iconic patterns with the colours and flair of the
Arabian Gulf. Two fantastic launches await Sweden as well: in Stockholm
Rezidor will open the Radisson Blu Waterfront Hotel featuring 414 rooms
adjacent to Scandinavia’s largest congress centre, and in Malmö a
new Park Inn is scheduled for a first quarter opening.
About The
Rezidor Hotel
Group
The Rezidor Hotel Group is one of the fastest growing hotel companies
in the world. The group features a portfolio of more than 400 hotels in
operation and under development with 86,300 rooms in over 60 countries.
Rezidor operates the brands Radisson Blu Hotels &
Resorts, Park Inn by Radisson and Country Inns & Suites in Europe,
Middle East and Africa, along with the goldpoints plusSM loyalty
programme for frequent hotel guests. Under a worldwide licence
agreement with the iconic Italian fashion house Missoni, Rezidor also
operates and develops the new lifestyle brand Hotel Missoni.
In November 2006, Rezidor was listed on the Stockholm
Stock Exchange. 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 on Rezidor, visit www.rezidor.com
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