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Rezidor Hotel Group celebrates development and operations of 100,000 rooms

The Rezidor Hotel Group has reached a new milestone, with 100,000 hotel rooms under development. During the third quarter of 2015, the hotel group signed contracts for 12 hotels with 2,300 guest rooms in countries including Turkey, Slovenia, Finland, and Cyprus, with new properties being developed under its Radisson Blu brand.

Rezidor Hotel Group celebrates development and operations of 100,000 rooms

The Rezidor Hotel Group is celebrating a new milestone, with 100,000 hotel rooms under development and in operation.

The hotel group signed contracts to develop 12 new hotels with 2,300 guest rooms in the third quarter of 2015. Most of these are in emerging markets including new signings for properties in Cyprus, Slovenia and Iraq, as well as two more Radisson Blu hotels in Finland, and two in Istanbul, Turkey. Radisson Blu's is the largest upper-upscale hotel brand in the Istanbul.

Wolfgang M. Neumann, the President and CEO of Rezidor, comments:

"This is a milestone in pursuit of our focussed long-term strategy. Q3 2015 was a strong quarter for signings and openings – reflecting our pro-active approach, and further fuelling our progressing turnaround journey."

Rezidor has also signed contracts for properties under its new Radisson Red lifestyle select brand in Cape Town, South Africa, and Glasgow in Scotland, and its first European Radisson Red branded hotel is due to open in Brussels in Belgium in April 2016. There are currently eight Radisson Red properties under development across the world.

In the third quarter of 2015, nine hotels opened with 1,350 guest rooms, including new entries in Mauritius and Congo.

"We also opened two more hotels in Russia despite the current business climate which we closely monitor. We remain committed to this emerging market, unlock value for all stakeholders and the communities in which we operate, and believe in the region's long-term potential."

Explained Elie Younes, the Executive Vice President and Chief Development Officer of Rezidor.

The Europe-based Rezidor hotel group, a member of the international Carlson Rezidor Hotel Group, operates hundreds of luxury hotels in 80 countries across Europe, the Middle East and Africa.

Year on year signings for new Rezidor properties have increased this year to 7,000 rooms, and are well ahead of last year's numbers.

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