Q1 2016: Rezidor enters economy segment, and accelerates signings and openings
(Thomson Reuters ONE) -
Group signs 13 hotels with 2,000 rooms and opens 7 hotels with 1,000 rooms
The Rezidor Hotel Group, one of the world's most dynamic hotel companies and
part of the Carlson Rezidor Hotel Group, reports a strong first quarter for
business development: in Q1 2016, the Group entered the economy segmend through
the acquisition of a 49% stake of prizeotel, and further accelerated the
momentum for signings and openings. Rezidor signed 13 projects with 2,000 rooms
and opened 7 hotels with 1,000 rooms.
Acquisition of prizeotel
"The acquisition of prizeotel was a milestone for Rezidor. It complements our
brand portfolio, facilitates our responsiveness to changing guest expectations,
and allows us a fast-paced entry into the increasingly attractive economy
sector", commented Elie Younes, Executive Vice President & Chief Development
Officer of Rezidor. Prizeotel is a dynamic and innovative start-up company with
currently 3 operating properties and 1 hotel under development in Germany - all
created by New York-based industrial designer Karim Rashid. "We will initially
grow the German network and target key cities in Austria, Switzerland and
BeNeLux.The investment proposition further unlocks value to our partners through
fixed-income lease or management contracts and limited development risk through
a turn-key construction solution", added Younes.
Expansion of Radisson RED network
In Q1 2016, Rezidor also continued to drive signings and openings. The 13
signings included a portfolio deal with 3 hotels in Riga/Latvia - further
strengthening the Group's position as leading international hotel operator in
Russia/CIS & Baltics. With the addition of 2 Radisson RED projects in
Jeddah/Saudi Arabia and Dubai/UAE, Rezidor expanded the brand network in Europe,
Middle East and Africa to 5 hotels. The Group's strategic partner Carlson
develops 9 further projects in the Americas and Asia-Pacific. "Radisson RED is
an exciting lifestyle offer inspired by the millennial mindset - and sees great
interest on the investment and development market. The brand roll-out is gaining
speed, and we aim to reach 60 hotels globally by 2020", said Younes. The world's
first Radisson RED opens today in Brussels, Belgium.
100 franchise hotels
Rezidor's Q1 openings featured the Group's 100th franchise property and the very
first hotel in Ivory Coast, the Radisson Blu Hotel Abidjan Airport. More than
60% of all openings were located in emerging markets - solidifying Rezidor's
long-term strategy of profitable, asset-light and sustainable growth with a
specific focus on emerging markets.
For further information please contact:
Christiane.Reiter(at)rezidor.com
Renu.Snehi(at)rezidor.com
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 450+ hotels in operation and under development with 100,000+ rooms in 80
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. In early 2014 and together with Carlson,
Rezidor has launched the new brands Radisson RED (lifestyle select) and Quorvus
Collection (luxury). 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 Nasdaq Stockholm, Sweden. 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.
For more information, visit www.rezidor.com.
Press release (PDF):
http://hugin.info/142138/R/2003876/739782.pdf
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Rezidor Hotel Group via GlobeNewswire
[HUG#2003876]
Unternehmensinformation / Kurzprofil:
Datum: 18.04.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 464498
Anzahl Zeichen: 4831
contact information:
Town:
Brussels
Kategorie:
Business News
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"Q1 2016: Rezidor enters economy segment, and accelerates signings and openings"
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