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Rezidor Hotel Group: Rezidor extends agreement for Radisson Blu Strand Hotel, Stockholm

Flagship will see full renovation and room extension

Rezidor, one of the world's most dynamic hotel companies and a member of the
Carlson Rezidor Hotel Group, and foundations closely related to the Swedish
Order of Freemasons have extended their lease agreement for the Radisson Blu
Strand Hotel, Stockholm by 25 years. The iconic property on the waterfront of
Nybroviken is one of Rezidor's flagships in Scandinavia. The 100-year old
building will see a full renovation led by the acclaimed architectural studio
Wingårdhs and an 17-room extension to a total of 169 keys - funded through a
joint investment of MSEK150 by Rezidor and the owner.

"We are proud to continue to operate the Radisson Blu Strand Hotel which is a
landmark in Stockholm, and thank our partners for their ongoing trust in our
group. The Strand is an essential element of our portfolio in Sweden's
capital city where we operate six Radisson Blu properties with 1,800 rooms.
The renovation and extension will further enhance the service experience for
our guests and strengthen the hotel's prominent position on the market", said
Wolfgang M. Neumann, President&CEO of Rezidor.

"As owner of the Strand Hotel, once built by the Swedish Order of Freemasons,
we look forward to this long term cooperation with Rezidor. We are proud that
Rezidor has chosen the Strand as one of their flagships in Scandinavia. The
extended lease agreement will also give our foundations a better financial
strength to give grants to pediatric and geriatric medical research", added
Chairman Carl-Gustaf Piehl.

The refurbishment and repositioning of the Radisson Blu Strand Hotel is part
of the largest investment programme Rezidor has ever launched in the Nordics:
following a €60m rights issue in 2014, the group is rolling out a 3-year and
€110m investment initiative to upgrade several flagships in the region.

"Radisson Blu is one of the Nordic's best recognised brands and Europe's
largest upper-upscale brand. We take responsibility to build on Radisson
Blu's legacy, constantly develop our international standards and services,
and ultimately deliver the brand's promise", commented Neumann. "Through our
and the owners' investments and pro-active asset management we prune our
Nordic portfolio and improve profitability in one of our most important home
markets", ended Neumann.

In January 2016, Rezidor concluded a further crucial asset management deal in
Sweden and finalised the sale of the entity holding the lease Radisson Blu
Scandinavia Hotel, Gothenburg. The gain of the sale amounts to ca. €1.7m
which will be recognised in Q1 2016. The hotel will, going forward, be
operated under a franchise agreement.

For further media requests please contact:

Christiane Reiter, Senior Director Corporate

Renu Snehi, Senior Director PR, Brand&Marketing

About The Rezidor Hotel Group:

The Rezidor Hotel Group
is one of the most dynamic hotel companies in the world and a member of the
Carlson Rezidor Hotel Group. The group features a portfolio of 457 hotels in
operation and under development with 100,500+ rooms in 80 countries.

Rezidor operates the core brandsRadisson Blu
andPark Inn by Radisson
in Europe, the Middle East and Africa (EMEA), along with the Club Carlson
loyalty programme for frequent hotel guests. In early 2014 and together with
Carlson, Rezidor has launched the new brandsRadisson RED
(lifestyle select) andQuorvus Collection
(luxury). Rezidor has an industry-leading Responsible Business Programme and
was awarded one the World's Most Ethical Companies by the US think tank

In November 2006, Rezidor was listed on the Nasdaq Stockholm, Sweden. Carlson,
a privately held global hospitality and travel company, based in Minneapolis
(USA), is the majority shareholder.

The corporate support office of The Rezidor Hotel Group is based in Brussels,

For more information, visitwww.rezidor.com.

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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