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 Rezidor Hotel Group to Build Their 10th Hotel in West Africa:
The Radisson Blu Hotel, Accra in Ghana

Brussels | January 27, 2011 - The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces their 10th hotel in West Africa: The Radisson Blu Hotel, Accra in Ghana is scheduled to open in 2013 and adds 168 rooms to Rezidor’s pipeline.

“The emerging African continent is a key development area for Rezidor. We are delighted to add a new hotel in a new country to our portfolio which now comprises 37 hotels and almost 8,300 rooms in operation and under development across 15 African countries”, said Kurt Ritter, President & CEO of Rezidor.

The Radisson Blu Hotel, Accra, will be located in the heart of the business district of the Ghanaian capital; 5 walking minutes from the beach. Besides 168 guest rooms including 20 apartments ranging from 1 to 3 bedrooms, the property will offer a restaurant and 2 bars, 300m2 of meeting space, a gym, and an outdoor swimming pool.

One of the most economically and politically stable countries in Africa, Ghana has experienced several years of sustained economic growth, despite the global economic situation. Good fiscal management and high prices for key commodities like gold and cocoa have sustained the economy and the IMF projects accelerated growth in the coming years. Moreover, in December 2010 Ghana began to pump its first commercial oil from the offshore Jubilee Field, which contains an estimated 1.5 billion barrels of oil, and is projected to generate $1 billion in government revenues annually.

“Africa is an exciting market with huge natural resources, increasingly stable systems and improved infrastructure, a high GDP growth and – last but not least – an imbalance of supply and demand when it comes to modern, internationally branded hotel rooms. We see a great potential for profitable growth in Africa and are actively seeking for further development opportunities”, commented Kurt Ritter.

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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Contact: 

The Rezidor Hotel Group
Christiane Reiter
 Director Corporate Communication
Tel. +32 2 702 9331
 Christiane.Reiter@Rezidor.com

The Rezidor Hotel Group
Renu Snehi
Director Corporate Communication
32 2 702 9241
renu.snehi@rezidor.com


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Also See: Rezidor Hotel Group to Build New 233-room Park Inn London ExCeL at the ExCeL Exhibition Centre, London / January 2011

Rezidor Hotel Group Has Record Year of Hotel Openings with 7,200 Rooms / December 2010

Formosa International Hotels Corporation to Acquire Regent Luxury Hotel Brand From Carlson and The Rezidor Hotel Group AB; Formosa Plans to Grow Regent Brand with New Luxury Concept in Key Global Markets / April 2010

Carlson Hotels Adds 92 Hotels in 2009; Total Portfolio Totals 1,058 Hotels with 160,000 rooms in 77 Countries / January 2010

Carlson Hotels Adds 33 New Properties Spanning 13 Countries in the Second Quarter of 2009 / July 2009

Carlson Hotels Worldwide Adds 110 Hotels to its Five-brand, Global Portfolio in 2005; Systemwide Revenues Reaches USD$6 Billion / January 2006
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