The  Rezidor Hotel Group today  announced an agreement to  exit from seven lease
agreements in France by the end of the year.

The  hotels comprise a total  of nearly 700 rooms and  are mainly operated under
the Park Inn by Radisson brand. They are located in secondary locations and have
proven consistently unprofitable for Rezidor.

To  exit from  the leases,  Rezidor agreed  to a  payment to the owner, Hibernia
France,  of MEUR 11.5 in 2012. The exits will positively affect Rezidor's EBITDA
by   approximately   MEUR  2 annually.  In  addition,  Rezidor  will  hand  over
responsibility for future capital expenditures.

The seven hotels will remain under their existing brands and will be operated by
Rezidor  for the  next few  years under  management agreements.  Should Hibernia
France  sell  the  properties,  the  management  agreements  will  be terminated
thereafter.  The decision to  exit these hotels  was made after determining that
the   hotels'  financial  situations  were  unlikely  to  turnaround  and  their
positioning  and locations are not commensurate with the future direction of the
brands.

Rezidor  remains committed  to the  French market  and continues  to operate two
other  Park Inn  properties in  France (in  Paris and  Nice), have a third hotel
opening  in Lille  in Q4  2012, and will  add other  strategic locations  in the
coming  years. The company's  other core brand,  Radisson Blu with 16 hotels, is
the largest upscale brand in France in terms of number of hotels.

"This  very important asset management deal is  in line with our Route 2015 goal
to  lift  Rezidor's  EBITDA  margin  by  6-8 percentage points by 2015. It is of
fundamental  importance to the group to further optimise our portfolio of leased
hotels, secure more profitable income streams in the years ahead, and reduce the
leverage  of  the  company",  says  Knut  Kleiven,  Deputy  President and CFO at
Rezidor.

The affected hotels are:
Park Inn by Radisson Arcachon
Park Inn by Radisson Macon
Park Inn by Radisson Orange
Park Inn by Radisson Nancy
Park Inn by Radisson Lyon Ouest
Radisson Blu Hotel, Aix-Les-Bain
Les Loges du Park (unbranded)

The information here is that which Rezidor Hotel Group AB has willingly chosen
to make public or that which it is obliged to make public according to the
Swedish Securities Market Act and/or the Financial Instruments Trading Act.


For further information, kindly contact:

Knut Kleiven, Deputy President and CFO
+32 2 702 9244, knut.kleiven@carlsonrezidor.com

Ebba Vassallo, Director Investor Relations
+32 2 702 9286, ebba.vassallo@carlsonrezidor.com

About the Rezidor Hotel Group

The  Rezidor Hotel Group is one of the fastest growing hotel companies worldwide
and  a member of the Carlson Rezidor Hotel Group, one of the world's ten largest
hotel  groups. Rezidor features a portfolio of more than 435 hotels in operation
and  under development with over  95,000 rooms in 71 countries. Rezidor operates
the  brands Radisson Blu and Park Inn by Radisson in Europe, the Middle East and
Africa,  along with  the Club  Carlson(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 luxury lifestyle brand
Hotel  Missoni. In September 2012, Rezidor signed a strategic alliance agreement
with Regent Hotels & Resorts to develop and operate Regent properties in Europe,
the Middle East & Africa.

Since November 2006, Rezidor is listed on the Stockholm Stock Exchange (REZT).
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, visit www.rezidor.com.

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