Swissotel to Operate a Hotel in Ukrainian Capital of Kyiv

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. June 23, 2010

ZURICH, June 22, 2010 - The Swissotel Hotels & Resorts portfolio continues to grow: a new deluxe hotel is currently under construction in the Ukrainian capital of Kyiv and is scheduled to open in mid 2012. A management agreement was recently signed between Swissotel Hotels & Resorts and the KDD Group, one of the leading property and investment companies in the Ukraine.

The future Swissotel Kyiv will form part of the “Sky Towers”, a mixed use development comprised of twin towers of 34 and 47 storeys. Sky Towers is located in Peremogy Avenue, centrally positioned close to Kyiv city centre and the main train station and is comprised of hotel facilities, serviced residences and grade A offices. The Swissotel Kyiv is anticipated to welcome guests for the 2012 UEFA European Football Championship and features of conference space,?513 guestrooms and suites, 14 serviced residences, 4000m spa. Business travelers and independent tourists?as well as a 3000m alike will enjoy a selection of dining experiences ranging in selection from the fine dining restaurant to the all-day restaurant Cafe Swiss, as well the lobby lounge and a contemporary bar.

“Following on from our successful Russian hotel in Moscow, Swissotel Krasnye Holmy, Swissotel Kyiv will be another significant step for us in our expansion into Eastern Europe,” according to Meinhard Huck, President of Swissotel Hotels & Resorts. “Kyiv is home to governmental ministries and authorities, but also to the mechanical engineering, aircraft industries, light and agricultural industries, as well as the state chemical industry. The Ukrainian metropolis is also one of the most important transport nodal points/centres of communication in Eastern Europe - an environment in which superior quality international hotel chains are still in short supply.”

Alexander Levin, Chairman of KDD Group, commented: "The board of KDD Group believes that the Kyiv hotel market has significant potential for such high quality projects as Sky Towers and we are very proud to have such a strong and renowned international partner as Swissotel Hotels & Resorts."

The city of Kyiv has almost 3 million inhabitants and, along with Lviv and Odessa, is the cultural centre of Ukraine. The city on the river Dnieper has 99 academic institutions, 25 museums, numerous theatres, as well as world-famous historical landmarks.

Swissotel Hotels & Resorts is an award winning and distinctive group of deluxe hotels, combining renowned Swiss hospitality with contemporary design, personalised service, charm and efficiency. Located in popular gateway destinations and city centres, the hotels provide convenient access to business and shopping districts. The group's Swiss heritage ensures organisational competence, attention to detail, safety and a superlative guest experience.

Swissotel Hotels & Resorts is owned by Fairmont Raffles Hotels International, a leading global hotel company with 95 hotels and resorts worldwide under the Raffles, Fairmont and Swissotel brands. The company also manages Fairmont and Raffles branded Residences, Estates and luxury private residence club properties.