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July 17, 2014

Rezidor Hotel signs deals for 11 properties in Q2 2014

The Rezidor Hotel Group has signed 11 new projects in the second quarter of 2014, in a bid to expand its global footprint.

The Rezidor Hotel Group has signed 11 new projects in the second quarter of 2014, in a bid to expand its global footprint.

Of the new projects, four properties will be opened in Saudi Arabia, while two signings were related to Turkey.

Rezidor president and CEO Wolfgang M. Neumann said: "Due to its fast economic growth and ambitious public spending initiatives, Saudi Arabia is a powerhouse in the Middle East. We have accelerated our development in the Kingdom together with strong regional partners, and are actively seeking further growth opportunities."

"In Turkey, a hub between Europe and Asia, our network is equally expanding. In the mega-market Istanbul, Radisson Blu is now featuring seven hotels and 1,500 rooms and is the largest upper-upscale brand in town," added Neumann.

In the second quarter of 2014, Rezidor opened five hotels with almost 800 rooms, including the Radisson Blu and Park Inn by Radisson Hotel Oslo Alna, one of Norway’s first dual-branded properties.

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"Our openings underline our focus on selected key countries and the emerging markets of Africa and Russia/CIS."

The other openings were the Radisson Blu Hotel Dhahran, Saudi Arabia; the Radisson Blu Mammy Yoko Hotel Freetown, Sierra Leone; and the Radisson Resort & Spa Zavidovo, Russia.

Rezidor senior vice president and group development head Elie Younes said: "Also our openings underline our focus on selected key countries and the emerging markets of Africa and Russia/CIS where huge natural resources, improving infrastructure, changing demographics and increasing demand offer considerable growth potential."

Furthermore, Rezidor signed three deals in Western Europe and the Nordics in the second quarter of 2014.

The Rezidor Hotel Group, a member of the Carlson Rezidor Hotel group, features a portfolio of 430 hotels in operation and under development with 95,000 rooms in 69 countries.

It operates the core brands Radisson Blu and Park Inn by Radisson in Europe, the Middle East and Africa.

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