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2015-04-15

Rezidor Hotel Group: Carlson Rezidor announces the Radisson Red Hotel V&A Waterfront, Cape Town, South Africa

Hotel at Africa's most visited destination is the first Radisson Red in EMEA

Carlson Rezidor, one of the most dynamic hotel groups worldwide, announces the
very first Radisson Red in Europe, the Middle East and Africa: the group's
new upscale lifestyle select brand launches in Cape Town, South Africa. The
Radisson Red Hotel V&A Waterfront will open in late 2016 and be located at
the V&A Waterfront, with 24 million visitors per annum one of Africa's most
visited cultural and historical hubs. Set on the edge of a natural harbour
with the Table Mountain as its backdrop, the V&A Waterfront offers a
cosmopolitan mix of experiences ranging from shopping to exclusive
entertainment. It also features prime residential and commercial property.

"Following the recent Carlson Rezidor signing of the Radisson Red Shenyang
Hunan in China, we are now delighted to announce the first Radisson Red in
EMEA in a location as prominent as the V&A Waterfront - giving our new brand
both local and global visibility, and adding a vibrant new concept to this
world class destination. Radisson Red is inspired by the trends of the highly
connected, high-octane and design savvy millennial lifestyle", said Wolfgang
M. Neumann, President&CEO of Rezidor.

David Green, CEO of the V&A Waterfront, added: ''Radisson Red is an exciting,
creative and innovative offer in the lifestyle select sector, and it is a
coup to have the first hotel in EMEA at the V&A Waterfront. We believe an
internationally branded and marketed hotel will add to our existing portfolio
and meet the increasing demand for such accommodation. In addition, this new
concept is key to the continued development of the district and its mixed-use
appeal.''

The signing also strengthens Carlson Rezidor's presence in Cape Town where the
group now operates 5 hotels with almost 800 rooms of the brands Radisson Blu,
Radisson Red and Park Inn by Radisson, and further solidifies Carlson
Rezidor's African pipeline: with 30 hotels and 6,500 rooms the company has
the largest pipeline of hotels and rooms under development on the entire
continent.

Featuring offers and services such as flexible, functional guest rooms,
paperless check in, and 24/7 deli&bar, Radisson Red highlights a new hotel
philosophy. "This transaction marks the launch of our brand in a key
destination. Radisson Red complements our global brand portfolio ranging from
mid-scale to luxury, and unlocks commercial value by capturing the growing
guest segment of the millennial travellers. Set for ambitious growth in urban
locations, the brand targets 60+ hotels worldwide by the year 2020",
commented Elie Younes, Executive Vice President&Chief Development Officer of
Rezidor.

The Radisson Red Hotel V&A Waterfront will form part of the new "Silo
District" of the V&A Waterfront that will also be home to the Zeitz Museum of
Contemporary Art Africa (MOCAA). Designed by Thomas Heatherwick of
Heatherwick Studio in London, the museum is scheduled to open in late 2016.
The founding collection is that of German businessman Jochen Zeitz, gifted
in perpetuity to the museum. Art connoisseurs already place MOCAA in the same
category as the Metropolitan Museum in New York.

Besides 235 guest rooms which include Studios, Studio 4's and Studio Sweets,
the Radisson Red will offer a "Redeli" and a "Ouibar" where tempting taster
plates, wine&beer and bottled cocktails will be available 24/7. Business
travellers will benefit from 5 meeting event studios with an area of 460sqm.
And after a long day of meetings or sightseeing in Cape Town, guests can
relax in the "Red Face" fitness studio and rooftop swimming pool or enjoy a
sunset cocktail with DJ performances at the hotel's rooftop garden terrace
and bar.

The site is also located in walking distance of the Cape Town Convention
Centre (CTICC) which hosts all major meetings and events in the city. The V&A
Waterfront is easily accessible by car, train, ship and helicopter, and is
20km away from Cape Town's International Airport.

The Radisson Red Hotel V&A Waterfront Cape Town will be operated by The
Rezidor Hotel Group.

For further media information please contact

Christiane Reiter, Senior Director Corporate
Communication,Christiane.Reiter@carlsonrezidor.com

Renu Snehi, Senior Director PR, Brand&Marketing
Communication,Renu.Snehi@carlsonrezidor.com

About Carlson Rezidor Hotel Group

Carlson Rezidor Hotel Group is one of the world's largest and most dynamic
hotel groups and includes more than 1,350 hotels in operation and under
development totalling 180,000 rooms and a footprint spanning 105 countries
and territories. The Carlson Rezidor portfolio includes a powerful set of
global brands: Quorvus Collection, Radisson Blu®, Radisson®, Radisson Red,
Park Plaza®, Park Inn®by Radisson and Country Inns&Suites By CarlsonSM. In
most hotels, guests can benefit from Club CarlsonSM, one of the most
rewarding loyalty programs. Carlson Rezidor Hotel Group employs 88,000 people
worldwide and is headquartered in Minneapolis, Minn., and Brussels, Belgium.
Visitwww.carlsonrezidor.comfor more information.

About the V&A Waterfront

Contributing R259.1 billion in nominal terms to the South African economy over
the last twelve years, the V&A Waterfront's cumulative contribution to the
provincial GGP since 2002 was over R227 billion. The property also reported a
19% increase in retail trade sales for 2014, marking four consecutive years
of consistent growth since 2011. Total visitor numbers have grown to 24
million a year by 2014 (at year end). Although the V&A Waterfront remains
South Africa's favourite tourist attraction for international tourists they
account for only 23% of all visitors. Visits by locals increased to 63%,
while 14% of visitors were from upcountry. With 22 official landmarks
on-site, it is also part of South Africa's historical legacy. Jointly owned
by Growthpoint Properties Limited and the Government Employees Pension Fund
(GEPF), represented by the Public Investment Corporation Limited (PIC), the
V&A Waterfront was developed in 1988 by the state-owned transport
corporation, Transnet Limited, while official commercial trading commenced in
November 1990.

Press release PDF
http://hugin.info/142138/R/1911310/681904.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Rezidor Hotel Group via Globenewswire

HUG#1911310

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