Hotel Online News for the Hospitality Executive Swissôtel Hotels & Resorts Signs Management Contract with Shaanxi Puyu Industrial for a 350 room hotel in Xi’an

ZURICH, May 22, 2013 – Swissôtel Hotels & Resorts has signed a new management contract with Shaanxi Puyu Industrial Co., Ltd for a 350 room hotel in Xi’an. Scheduled for completion in 2016, Swissôtel Xi’an will be nestled in the core business area in the Xi’an National Civil Aerospace Industrial Base within proximity to two Metro lines. Xi’an, the capital of Shaanxi Province, boasts of a rich and colorful past. With a history of over 3,000 years, it is regarded as one of the four greatest cities of ancient civilizations, along with Athens, Cairo and Rome. As a result of the large number of historical sites, including the most famous Terracotta Army, tourism is a key component of the city’s economy and an efficient transport system is in place. The Xi’an Xianyang International Airport is the largest airport in Northwest China and a six-line Metro system is under construction. Swissôtel Xi’an will be located in the heart of phase one of China’s second national civil aerospace industrial base. The base is under construction and will be completed by 2016, expecting to attract over 300,000 residences and over 30 medium to large scale enterprises. 5 km away, the Qujiang New District is an important cultural and residential hub, also housing the Xi’an Qujiang International Conference & Exhibition Centre. Swissôtel Xi’an will offer 350 guest rooms and suites, varying in size of approximately 40m to 50m, four restaurants, function and banqueting space and recreational facilities including a Pürovel Spa. Xi’an has the potential to develop into a top business and leisure hub. “We are pleased with this successful start to our partnership with Swissôtel Hotels & Resorts which has an excellent track record internationally. Working together with our experienced expertise will place us in a position to successfully capture the development opportunities in the new era,” said Mr. Song Zhong Ming, deputy GM of Shaanxi Puyu Industrial Co., Ltd. “This is a welcome addition to our current portfolio in China, and will complement our upcoming projects in Chengdu, Changsha and Sanya. Xi’an is a strategic step in our plans and put us on track with our goals to expand in emerging markets. This partnership with Shaanxi Puyu Industrial Co., Ltd is timely and we look forward to a long and fruitful relationship,” said Meinhard Huck, President of Swissôtel Hotels & Resorts. About Swissôtel Hotels and Resorts Swissôtel Hotels and Resorts (www.swissotel.com) is an award winning and distinctive group of deluxe hotels, combining renowned Swiss hospitality with contemporary design, personalised service, charm and efficiency. Located in popular gateway destinations and city centres, the hotels provide convenient access to business and shopping districts. The group's Swiss heritage ensures organisational competence, attention to detail, safety and a superlative guest experience. The international hotel chain is owned by FRHI Holdings Limited, a leading global hotel company with 102 hotels and resorts worldwide under the Raffles, Fairmont and Swissôtel brands. The company also manages Fairmont and Raffled branded Residences, Estates and luxury private residence club properties. Hotels under development: Sochi/Russia (2013), Bodrum/Turkey (2013 and 2014), Chengdu/China (2014), Bangalore/India (2014), Mumbai/India (2014), and Kazan/Russia (2016).

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