Losan Appoints Barcelo to Manage Barcelo Cologne City Center

Formerly the Crowne Plaza Cologne City Centre

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. October 14, 2008

MIAMI, FL, January 4, 2008. Spain-based Barcelo Hotels & Resorts announced the opening of its first property in Germany, The Barcelo Cologne City Center Hotel. The upscale hotel offers 301 well-appointed guestrooms, and includes two restaurants for casual and gourmet dining, a lobby bar, a fitness center with spa services, business services, conference space, and an indoor swimming pool.

Barcelo was appointed the management of the hotel by the well-known real estate investment company, Losan. Losan is the Real Estate Investor, focus in hotels, leader in Europe with presence in different countries around the European Union and the United States.Losan's main goal is to invest in emblematic & cosmopolitan hotels located in the center of the main European and North American cities. As purchasers, we contribute confidentiality, rigour and agility to owners and disinvestors.

Barcelo Hotels & Resorts continues to expand its holdings throughout major European cities. Recently the company announced a deal with the UK's Paramount Hotels to manage its 20 properties throughout the United Kingdom. Barcelo now operates hotels in 15 countries worldwide and continues to expand its holdings.

The Barcelo Cologne City Center Hotel is located at 9-13 Habsburgerring, Cologne, Germany, and is in one of the most famous squares of Cologne: the Rudolfplatz. The prime location is a few steps from the main commercial streets and restaurants. Using the tram that stops directly in front of the hotel, guests have direct access to the Cologne Convention Center or to the city's historic center. The hotel is also in close proximity to the famous Dom Cathedral and all of the city's artistic and cultural areas.