Rezidor Announces First Radisson SAS in Madrid

. October 14, 2008

BRUSSELS, Belgium, February 1, 2008. Rezidor Hotel Group, the Brussels-based hotel management company, announces the first Radisson SAS Hotel to open in Madrid, Spain's capital city. Slated to open in late 2009, the Radisson SAS Hotel Madrid Prado will add 54 guestrooms to the Rezidor portfolio. By 2009, Rezidor will open 20,000 new rooms in total.

The Radisson SAS Hotel Madrid Prado will be located in a prime spot in front of the famous Prado Museum and next to CaixaForum-Madrid, the new cultural center in the city; offering visitors to Madrid a wealth of art and culture right at their footsteps.

The Radisson SAS Hotel Madrid Prado will be a conversion of an existing building. All 54 guestrooms, including six suites, and all public areas of the hotel, will be designed by Sandra Tarruella and Isabel Lopez. Tarruella and Lopez are amongst Spain's most prestigious interior designers, and are known for projects such as the sophisticated "Hotel Omm" in Barcelona. Additional services offered by the hotel will include a restaurant and bar, meeting facilities, a spa and a fitness center.

"Madrid is a city in which we see promising potential for expansion," said Kurt Ritter, president & CEO of The Rezidor Hotel Group. "As Spain's premiere city, Madrid represents a primary market which is important for Rezidor's further development in the country."

Madrid is known for its intense cultural and artistic activity as well as its vibrant nightlife. Many of the major attractions of Madrid are located within walking distance of the hotel - such as the Thyssen Bornemisza Museum, the Reina Sofia Museum and the Gran Via, the main shopping and entertainment avenue.

The Radisson SAS Hotel Madrid Prado is The Rezidor Hotel Group's second property in Spain. The Radisson SAS El Marques Resort & Spa in Mijas, M'alaga, opened it's doors in 2006.

The Rezidor Hotel Group is one of the fastest growing hotel companies in the world. The group features a portfolio of 300 hotels in operation and under development with more than 61,000 rooms in 47 countries.

Rezidor operates the brands Radisson SAS Hotels & Resorts, Regent International Hotels, Park Inn and Country Inns & Suites in Europe, the MiddleEast and Africa, along with the goldpoints plusSM loyalty program for frequent hotel guests. Rezidor has signed a worldwide license agreement with the Italian fashion house Missoni, in order to develop and operate a lifestyle hotel brand of the same name: Hotel Missoni.

In November 2006, Rezidor was listed on the Stockholm Stock Exchange. With 41.7%, Carlson Companies is the main shareholder.

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