Changes in Swedish Park Inn portfolio
The Rezidor Hotel Group announces changes in its cooperation with Swedish Winn
Hotels regarding Park Inn hotels in Sweden. The two parties have extended the
contracts for two Park Inn hotels, in Uppsala (94 rooms) and Solna (246 rooms),
and have mutually agreed not to renew the agreements for the Park Inn hotels
Bergmästaren/Falun, Gävle, Haninge and Karlskrona as well as for the Manor
Houses in Bjertorp Slott, Högbo and Såstaholm (726 rooms in total). All
properties were under franchise agreements with limited financial impact on the
Rezidor system and will exit the Rezidor portfolio as per April 30th, 2008. The
Park Inn brand in Sweden will now be cultivated for future growth.
“Our collaboration with Winn Hotels started in 2003, and over the last years we
have reached our common goal to gain market exposure within the respective
market segment in Sweden”, says Kurt Ritter, President & CEO of Rezidor. “But
both of us became aware that especially the Manor Houses were not a perfect fit
to the Park Inn brand. We will now concentrate on the two important properties
in Uppsala and Solna - and define further potential common projects.”
At the same time Rezidor underlines the importance Park Inn has for its
strategic growth in Sweden. “Park Inn is our fastest growing brand - it was only
launched in 2003 and we have already signed hotel number 100 in EMEA”, comments
Ritter. “In our home market Sweden we have flagship properties under
development”.
The refining of the brand will make Park Inn even more attractive to both guests
and hotel operators, and with the new projects in Sweden Park Inn will be a
major player on the market. In 2010 Rezidor will open a Park Inn & Congress
Center right in the heart of Stockholm (420 rooms and a conference centre for up
to 3.000 delegates), and will add the Park Inn hotels Hammarby Sjöstad (177
rooms, opening in 2009) and Malmö (220 rooms, opening in 2010). In addition,
Rezidor currently has two other Park Inn projects under development in Norway,
the downtown Park Inn Oslo (119 rooms) and Park Inn Norefjell, a resort with 140
rooms.
Rezidor continues to focus on growth of both Park Inn and Radisson SAS in Sweden
and Scandinavia, and has strengthened its development team by employing a
Director Business Development based in Stockholm.
For further information, please contact:
The Rezidor Hotel Group
Media relations Scandinavia: Kristina Windset, +46 70 590 86 38,
kristina.windset@rezidor.com
Other media and Investor relations: Christiane Reiter, +32 474 407 210,
christiane.reiter@rezidor.com
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 309 hotels in operation and under
development with more than 63,000 rooms in 48 countries.
Rezidor operates the brands Radisson SAS Hotels & Resorts, Regent Hotels &
Resorts, Park Inn and Country Inns & Suites in Europe, Middle East and Africa,
along with the goldpoints plusSM loyalty programme for frequent hotel guests.
Rezidor has signed a worldwide license agreement with the Italian fashion house
Missoni, in order to develop and operate a lifestyle hotel brand of the same
name: Hotel Missoni.
In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson
Companies is the main shareholder (41.7%).
The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium.
For more information on Rezidor, visit www.Rezidor.com.
