Rezidor and Westmont Renovating the Ambassador Hotel, Paris

Hotel Will be Flagged Radisson Ambassador Hotel, Paris Op'era

. November 11, 2008

STOCKHOLM, Sweden, November 10, 2008. The Rezidor Hotel Group (STO:REZT), one of the fastest growing hotel companies in the world, continues to significantly expand the portfolio in Paris and announces two new Radisson properties in the French capital: The Radisson Ambassador Hotel, Paris Op'era (296 rooms, formerly known as the "Hotel Ambassador") will hoist the Radisson flag as of 31 December 2008. In Q3 2011, the group will open the new-build Radisson Hotel Paris La D'efense featuring 343 rooms.

"We are now having 1,600 rooms in operation and under development in the highly competitive market of Paris - and more than 4,000 rooms in France which is a new milestone in our business development", said Kurt Ritter, President & CEO of Rezidor.

The Radisson Ambassador Hotel, Paris Op'era is set in a prestigious location in the very centre of the Opera Quarter - on Boulevard Haussmann in the 9th district; 300 meters away from the famous Op'era Garnier. Shopping paradises such as Galeries Lafayette and Printemps are nearby - as well as the business district featuring headquarters of financial giants such as BNP Paribas, Cr'edit Lyonnais, Generali and American Express, and the Paris Stock Exchange. With Art Deco beginnings, the spectacular hotel has retained a 1920's spirit which is reflected in the high glass ceilings, gold embossed columns and dark wood tones. Besides 296 rooms and suites, the building offers the "16 Haussmann" restaurant, "The Lindbergh Bar" named after Charles Lindberg, 8 meeting rooms and a business centre, and a fitness area. The hotel will undergo an extensive renovation which will be completed by end of Q2 2010. The Radisson Ambassador Hotel, Paris Op'era is a common project between Rezidor and Westmont Hospitality.

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