Rezidor and Andermatt Swiss Alps announce the Radisson Blu Resort, Andermatt / Switzerland

The  Rezidor Hotel Group, one of  the fastest growing hotel companies worldwide,
announces   their  8(th) property  in  Switzerland:  The  Radisson  Blu  Resort,
Andermatt featuring 240 rooms is scheduled to open its doors in 2013. It will be
part  of the  project "Andermatt  Swiss Alps",  a master development overseen by
Orascom  Development  Holding  AG  and  including  six  new hotels in the 4- and
5-star sector, some 490 apartments in 42 buildings and 25-30 villas. An 18-hole
championship  golf  course  and  sport  &  commercial  areas will complement the
project   which   will   turn  Andermatt  in  an  exclusive  year-round  holiday
destination.  For  Andermatt  Swiss  Alps,  Radisson  Blu  is  the  second hotel
cooperation.

"Rezidor  is expanding its  young, contemporary and  successful resort portfolio
which  now features 45 properties  with more than  10,700 rooms in operation and
under  development across Europe, Middle East and Africa", comments Kurt Ritter,
President  &  CEO  of  Rezidor.  "Andermatt  as  a well-established winter sport
destination is a perfect fit for us - we are looking forward to also building up
the summer business together with our partners", continues Ritter.

"We are proud that we could convince a well known chain like Radisson Blu of our
year-round  destination  Andermatt  Swiss  Alps",  says  Gérard  Jenni, Managing
Director  of Andermatt Swiss Alps AG, building company and 100%-owner of the new
Radisson  Blu Resort. "The  broad experience of  our attractive business partner
will  certainly also  guide our  congress hotel  in Andermatt  to success", adds
Jenni.

Andermatt  lies  at  the  foot  of  the  Gotthard Massif in Switzerland. Its ski
facilities,  renowned for excellent snow falls,  will be upgraded and modernized
resulting  in 130 km of  varying ranges of  ski slopes to  suit all levels. When
slopes,  golf and recreation  no longer beckon,  Andermatt is the ideal starting
point  for a variety of excursions. Lucerne and the Lake of Lucerne; the elegant
metropolis  of Zurich;  Berne and  its historic  old town (UNESCO World heritage
site);  and the neighbouring  canton of Ticino  with its Mediterranean flair are
only some of the famous sights of Switzerland.

Radisson Blu (formerly: Radisson SAS) is Rezidor's First Class- and full service
core  hotel brand.  It has  expanded naturally  from its Scandinavian home base.
Ranging  from small boutique  hotels to city  landmark hotels, from ultra-modern
"new  breed" properties to great classics, you  will find Radisson Blu hotels in
world  capitals,  city  centers,  leisure  resorts  and  airports  too. They are
designed to be different, consistent by standard, highly equipped and individual
by choice.

Radisson  Blu aims  to be  a market  leader by  combining its unique and stylish
approach  to hotel hardware with  its "Yes I Can!"  spirit of hospitality on the
software  side. It has  a long history  of industry leading, innovative thinking
designed  to meet the  very specific needs  of guests. These innovations include
not  only "Yes I Can!" but also concept rooms and design systems, its 100% Guest
Satisfaction  Guarantee, its One Touch Service,  its Easy Connect approach to IT
where  broadband internet access  is free in  all areas of  the hotel, its Super
Breakfast  with  Grab  &  Run  option,  its  partnership  with Nespresso and its
commitment to Meeting & Events service standards.


Facts and figures
The Radisson Blu Resort, Andermatt will be designed by the architects Burkhalter
Sumi  (Zurich). In two buildings with wooden façades it will comprise 240 keys -
regular guest rooms as well as spacious apartments ranging from 1 to 3 bedrooms.
In  addition to a restaurant and bar,  1,700 m(2) of conference space is planned
making the Radisson Blu a must-see meeting destination which will also feature a
multi-functional  concert  hall  for  up  to  700 guests.  A  spa with an indoor
swimming pool, retail shops, game room and children's club are also foreseen.


For further information please contact
Christiane Reiter, The Rezidor Hotel Group, Director Corporate Communication
+32 2 702 9331,christiane.reiter@rezidor.com

Renu Snehi, The Rezidor Hotel Group, Director Corporate Communication
+32 2 702 9241,renu.snehi@rezidor.com

Mamdouh Abdel Wahab, Director Investor Relations, ORASCOM DEVELOPMENT HOLDING AG
+20123153200;mabdelwahab@orascomdh.com

Ursi Ineichen, Head Corporate Communication Andermatt Swiss Alps AG
+41 41 874 17 81;ursi.ineichen@andermatt-swissalps.ch


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 400 hotels in operation and
under development with more than 86,300 rooms in over 60 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 plus(SM) 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, visitwww.rezidor.com

About Andermatt Swiss Alps AG

Andermatt  Swiss Alps AG is a wholly  owned subsidiary of the Swiss Exchange SIX
traded  Orascom Development Holding AG. Andermatt Swiss Alps AG is developing an
integrated holiday destination in the Swiss mountain village of Andermatt.

For more information, visitwww.andermatt-swissalps.ch

About Orascom

Orascom  Development Holding AG (Orascom Development)  is a leading developer of
fully  integrated  towns  that  include  hotels,  private villas and apartments,
leisure  facilities such as golf courses, marinas and supporting infrastructure.
Orascom  Development's  diversified  portfolio  of  projects is spread over nine
jurisdictions,  with primary  focus on  touristic towns  and recently affordable
housing.

For more information, visitwww.orascomdh.com


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