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Rezidor Hotel Group: Rezidor concludes 2015 with the signing of 41 hotels and 7,900 rooms

Progressing on turnaround journey, group also reaches 100,000 rooms milestone

The Rezidor Hotel Group has concluded 2015 with 41 hotel signings totalling
7,900 purely fee-based rooms and the opening of 24 hotels with 4,000 rooms -
surpassing 2014 results and further fuelling the long-term strategy of
asset-light and sustainable growth in Europe, the Middle East&Africa (EMEA)
with a particular focus on emerging markets and selected key countries.
During the past year, Rezidor has also reached the milestone of 100,000 rooms
in operation or under development.

A successful year for signings
"2015 was a successful year for us and an important stage on our journey
towards increased profitability. Building on our achievements, using the
momentum in many markets and rigorously pursuing our strategy, we grew the
number of hotel signings by almost 30% compared to 2014", said Elie Younes,
Executive Vice President&Chief Development Officer of Rezidor.

In the course of last year, Rezidor signed projects in seven new countries
(Armenia, Congo, Cyprus, Iraq (Kurdistan), Mauritius, Slovenia and Togo) and
is now present in 80 countries across EMEA. The signings also included one
new Quorvus Collection member in Oman/Muscat and three Radisson RED hotels in
Cape Town/South Africa, Glasgow/UK and Brussels/Belgium. "We are particularly
excited about our RED roll-out. This lifestyle select brand ideally
complements our portfolio and unlocks commercial and shareholder value by
capturing the growing guest segment of the millennial travellers. It is all
set for future ambitious development in urban destinations", commented

An accelerated plan for openings
In 2015, Rezidor opened 24 hotels with 4,000 rooms - an increase by 30%
compared to 2014. Despite the challenging external environment, Rezidor
opened four properties in Russia - clearly strengthening its position as the
leading international operator in the area - and three hotels in Saudi-Arabia
where the group has a country development agreement with the regional company
Al Hokair. In Turkey, Rezidor cemented Radisson Blu as the largest
upper-upscale brand in Istanbul - and launched the very first mid-scale Park
Inn by Radisson in the city.

100,000 rooms
The speed of strategic signings and an accelerated openings plan made Rezidor
reach the milestone of 100,000 rooms in operation or under development in
2015. "Our total portfolio continues to feature a solid pipeline of 20,000
rooms. 85% are located in developing markets which are often high RevPAR
markets where we operate with fee-based contract models generating high
EBITDA margins. While we continue to lead the upper-upscale segment in Europe
with Radisson Blu, we remain committed to these emerging regions and mitigate
market-inherent risks through our asset-light business model, a focused
geographic execution and increased security measures", ended Younes.

For further media information, please contact:

Christiane Reiter, Senior Director Corporate

Renu Snehi, Senior Director PR, Brand&Marketing

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 1,370 hotels in operation and under
development with 220,000 rooms and a footprint spanning 110 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 2015 - 2016 "Top
Three Hotel Rewards Programs" as recently ranked byU.S. News and World Report
. Carlson Rezidor Hotel Group and its brands employ 85,000 people worldwide
and is headquartered in Minneapolis, Minn., and Brussels, Belgium. For more
information, Connect with Carlson Rezidor on
social media: @CarlsonRezidor on Twitter and

Press release (PDF)


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


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