Rezidor announces the Park Inn by Radisson Budapest


The  Rezidor Hotel Group, one of  the fastest growing hotel companies worldwide,
announces  the  Park  Inn  by  Radisson  Budapest.  The  new mid-market property
featuring 136 rooms is scheduled to open in Q4 2012.

"The  Park  Inn  by  Radisson  Budapest  will  perfectly complement our existing
Radisson  Blu Béke Hotel, Budapest - we are delighted to be present with our two
core  brands in Hungary's capital city",  commented Kurt Ritter, President & CEO
of Rezidor. "At the same time I'm proud that his agreement took our total number
of  signings in  2011 (year to  date) to  21 hotels and  more than 5,000 rooms",
added Ritter.

The  Park Inn  by Radisson  Budapest is  already under  construction and will be
located  within an office park in the  northern part of Budapest, along the Vaci
Ut  corridor.  Besides  the corporate  areas in  the immediate  vicinity and the
tourist attractions of the historic city centre, the site has good access to the
airport and surrounding areas, thanks to proximity to the main ring roads. Also,
the  well known Westend shopping centre is nearby, offering 70,000 square metres
of shops and entertainment.

Besides  136 comfortable  and  cleverly  designed  guest  rooms, the Park Inn by
Radisson  Budapest will  comprise an  all day  dining restaurant, bar, more than
400 square metres of meeting space, a fitness centre, and a parking.

Eastern  Europe is  an important  business development  market for  Rezidor. The
group  was among the  "first-movers" into the  region following the  fall of the
Berlin Wall. This ambitious strategy has paid off, as Rezidor is now represented
in most of the primary markets, including Warsaw, Prague, Bucharest, Bratislava,
and  Sofia. The mid-market Park Inn  by Radisson brand is successfully following
in  the footsteps of  the upper upscale  Radisson Blu brand,  with properties in
Prague, Bratislava, Krakow, Ostrava and Sofia.


For further information please contact:

Christiane Reiter, Senior Director Corporate Communication
+32 2 702 9331,Christiane.Reiter@Rezidor.com

Renu Snehi, Director Corporate Communication
+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 400 hotels in operation and
under development with 88,800 rooms in over 60 countries.

Rezidor  operates the brands Radisson Blu Hotels & Resorts, Park Inn by Radisson
and Country Inns & Suites in Europe, Middle East and Africa, along with the Club
Carlson  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, a
privately  held,  global  hospitality  and  travel company, based in Minneapolis
(USA), is the majority shareholder.

The Corporate office of the Rezidor Hotel Group is based in Brussels, Belgium.

For more information on Rezidor, visit www.rezidor.com

[HUG#1541912]

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