Rezidor announces three new hotels in Nigeria The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, further strengthens their presence in Africa and announces three new hotels in Nigeria: the Radisson Blu Hotel, Victoria Island Lagos (250 rooms), the Radisson Blu Hotel Abuja (200 rooms) and the Park Inn Abuja (125 rooms) are all scheduled to open in 2012. “These signings bring our portfolio in the emerging market Africa to a solid business featuring more than 30 hotels with 7,500 rooms in operation and under development, and secure our position as one of the leading hotel operators on the continent”, comments Kurt Ritter, President & CEO of Rezidor. Andrew McLachlan, Rezidor's Vice President Business Development Africa and Indian Oceans Islands adds; “Nigeria's plan for economic expansion based on the tourism sector and foreign direct investment in its extractive industries (Oil, Gas and Mining) has created a gap between supply and demand in the hospitality industry. Investors possessing the required financial and management capabilities are expected to take full advantage of this opportunity to accommodate travelers to and within Nigeria. Rezidor has align ourselves with Nigerian promoters, and our companies share a common vision that will make the Radisson Blu hotels in Lagos and Abuja the hotels of choice in the first class category and the Park Inn the hotel of choice in the mid-market category in Nigeria in the future.” The Radisson Blu Hotel Abuja and the Park Inn Abuja will be among the best addresses in Abuja, Nigeria's capital city. Both hotels will be located at prime sites in the Maitama district, which is also home to various embassies and international companies. The first class and full service Radisson Blu will offer 200 rooms, a restaurant and several bars (including a cigar bar), a ballroom, and a spa. The young and dynamic mid market hotel Park Inn will comprise 125 spacious rooms, a restaurant, meeting rooms, and leisure facilities including a rooftop pool. Abuja was built mostly in the 1980's and is considered Africa's first master-planned city. It replaced Lagos as the capital in 1991 and is one of the most prosperous areas on the continent. The Radisson Blu Hotel, Victoria Island Lagos will be located on the Atlantic Ocean on Victoria Island, one of the city's most modern commercial areas where banks, petroleum companies and groups like IBM and Hewlett Packard have offices. Besides 250 rooms which will all offer fabulous sea views, the property will comprise two restaurants, excellent meeting facilities, and leisure areas including a spa and pool. The future landmark will be the second Radisson hotel in Lagos, Nigeria's largest city and commercial centre - complementing the Radisson Blu Hotel, Lagos which welcomes the first guests in 2010. Rezidor has defined Africa as one of the main business development areas for the future. “The region has a considerable, untapped economic potential and is lacking internationally branded hotels in many capital cities”, says Kurt Ritter. The group is not only active in South Africa's hot spots Johannesburg and Cape Town where the brands Radisson Blu, Park Inn and Hotel Missoni are developed further - Rezidor looks at capital cities across the whole continent: A pipeline of future openings includes highlights such as the Radisson Blu Hotel, Cairo, Egypt, the Radisson Blu Hotel Tripoli, Libya, the Radisson Blu Hotel Lusaka, Zambia, the Radisson Blu Hotel Addis Ababa, Ethiopia, the Radisson Blu Hotel Maputo, Mozambique, the Radisson Blu Hotel Nairobi, Kenya, and the Radisson Blu Hotel Luanda, Angola. For further information please contact: Christiane Reiter, Director Corporate Communication Tel. +32 2 702 9222 Christiane.Reiter@Rezidor.com Renu Snehi, Director Corporate Communication Tel. +32 2 702 9241 Renu.Snehi@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 more than 380 hotels in operation and under development with close to 81,000 rooms in 59 countries. Rezidor operates the brands Radisson Blu 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. Under a worldwide licence agreement with the iconic Italian fashion house Missoni, Rezidor also operates and develops the new lifestyle brand Hotel Missoni. In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson Companies is the main shareholder. The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium. For more information on Rezidor, visit www.rezidor.com