M"ovenpick Announces New Project In Singapore

. October 14, 2008

FEBRUARY 8, 2007. M"ovenpick signs a management agreement with Maxz Universal Development Group for a new development on Sentosa Island, Singapore. The resort is scheduled to open at the end of 2008.

"It is an honour for us to start the New Year with such an exceptional project and to have found a strong partner in Maxz Universal Development Group," declared Jean Gabriel P'er`es, President & CEO M"ovenpick Hotels & Resorts, after the signing of the agreement. "The future hotel on Sentosa will further enhance our portfolio and blends in perfectly with our strategic expansion plans in Asia."

"We decided in favour of M"ovenpick Hotels & Resorts because it enjoys a reliable reputation as a hotel operator in so many markets and is considered as an innovative newcomer in the Asian hotel landscape," explained Seeto Keong, CEO of the Maxz Universal Development Group. "We are confident that its expertise, service and quality standards, combined with its typically Swiss values, will fully satisfy the requirements of the market."

The project consists firstly of an existing historical building built in the colonial style around 1940, which will be completely renovated as part of a development aimed at retaining the listed facade and restoring it to its former splendour. Secondly, a new extension comprised essentially of rooms with sea view will be added to the hotel.

"The resort's unique architectural and historical elements are certain to bring new life to the region's history by adding a contemporary touch," says Andreas Mattm"uller, Senior Vice President Middle East & Asia M"ovenpick Hotels & Resorts. "The resort is an integral part of the island concept and fits perfectly in the natural surroundings."

The M"ovenpick Treasure Resort Sentosa is located on a gentle slope next to the Merlion landmark, and it will offer 186 spacious rooms and suites. The culinary choice will include a M"ovenpick Restaurant, a speciality restaurant and a bar in a nostalgic style to complement the colonial ambiance. There are also plans to create a luxury spa and leisure area as well as modern conference and banqueting facilities.

The island of Sentosa lies to the south of the main island of Singapore and is a famous holiday resort with many abundant attractions for the whole family. It can be reached from Singapore by bridge, by cable car or the light rail system - the vibrant shopping district of the city of Singapore is never more than 15 minutes away. The island offers a perfect mix of natural rainforests, vast leisure amenities and highly coveted beach-front residential and commercial areas. With its multi-billion dollar projects, Sentosa is set to becoming one of the leading leisure destinations in South East Asia. The M"ovenpick Treasure Resort Sentosa is scheduled to open along with a multitude of new leisure attractions.

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