Rezidor restructures three lease agreements and terminates one unprofitable contract

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| Source: Rezidor Hotel Group AB
Concluding  a year of successful Asset  Management activities, The Rezidor Hotel
Group has signed four agreements in Q4 2013 to further improve the profitability
of  the leased portfolio.  Combined with results  from 2012, when Rezidor exited
from  nine unprofitable  leases, these  transactions -  all related to assets in
Europe  - have  resulted in  significant rent  reductions for  Rezidor, and have
increased the company's EBITDA margin by ca. 1 pp as from 2013.

Two  of the restructured  lease contracts had  an impact on  the Q4 2013 results
(one  of  which  was  signed  in  October 2013 and announced in Rezidor's latest
interim  report). Combined, they led to a €3.6 million 2013 EBITDA increase, and
these rent reductions will continue to apply in the coming years.

The  other  restructured  lease  will  take  effect  from  January 2014. This is
forecasted  to  generate  an  additional  €1.7  million  in  EBITDA  in 2014 and
thereafter.

One  additional loss-making agreement will  be terminated in December 2014. Once
effective,  it will  further increase  the EBITDA  by approximately €0.5 million
annually  in addition to significant CapEx savings. This termination was secured
through an upfront payment of €1.9 million, which was accounted for in Q4 2013.

"These profit-enhancing deals were achieved through direct negotiations with the
respective  landlords. This demonstrates our ability to find mutually-beneficial
solutions with our partners to reduce our rent levels and increase our margins",
commented Wolfgang M. Neumann, President & CEO of Rezidor.

Accelerated  and effective Asset Management -  especially in Central Europe, the
UK  and the Nordics  - is an  essential part of  Rezidor's turnaround plan Route
2015. It  was  launched  in  December  2011, targets  an increase of the group's
EBITDA  margin of 6-8% by 2015, and  includes Revenue Generation activities, fee
based  growth with  a focus  on Emerging  Markets, cost  saving initiatives, and
Asset Management projects.

About The Rezidor Hotel Group

The  Rezidor Hotel Group is one of the most dynamic hotel companies in the world
and  a member of the Carlson Rezidor Hotel Group. The group features a portfolio
of  more than 430 hotels in operation and under development with 95,000 rooms in
more than 70 countries.

Rezidor  operates  the  core  brands  Radisson  Blu  and Park Inn by Radisson in
Europe,  the Middle East and Africa (EMEA),  along with the Club Carlson loyalty
programme  for frequent hotel  guests. Under a  worldwide licence agreement with
the  iconic  Italian  fashion  house  Missoni  Rezidor operates and develops the
lifestyle  brand  Hotel  Missoni.  Rezidor  has  an industry-leading Responsible
Business Programme and was awarded one the World's Most Ethical Companies by the
US think tank Ethisphere.

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

www.rezidor.com


Ebba Vassallo, Director Investor Relations, Ebba.Vassallo@CarlsonRezidor.com
Christiane Reiter, Senior Director Corporate Communication,
Christiane.Reiter@CarlsonRezidor.com 

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