Sherwood Premier LLC Signs Agreement for New Radisson Blu Leninsky Prospect Hotel, Moscow

Belgium, Brussels. December 18, 2018

Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of the Radisson Hotel Group, is pleased to announce the signing of the Radisson Blu Leninsky Prospect Hotel, Moscow in Russia. A collaboration with Sherwood Premier LLC, the 150-room property will bring the group's portfolio in Moscow and its surrounding area to eight hotels and 2,260 rooms in operation or under development.

Elie Younes, Executive Vice President & Chief Development Officer of Radisson Hotel Group, said: “This strategic project will further strengthen our leading position in Russia as well as Radisson Blu's position as the largest upper upscale hotel brand in Europe. We're thankful and grateful to our partners for the trust in our brand and people''

The Radisson Blu Leninsky Prospect Hotel, Moscow will be an integral part of a mixed-use office and hotel complex and is set to open in 2021. It will feature 150 comfortable guest rooms that allow guests to relax in style, whether they're visiting Moscow for business or leisure. The hotel will also offer state-of-the-art meeting facilities and a fitness and wellness center that will provide a variety of ways for people to keep fit or unwind.

Visitors to the hotel will find top-quality food and drink facilities, with two restaurants and a lobby bar.

Business guests will find themselves ideally situated for the growing business cluster that is developing rapidly in size and importance in the south-west of Moscow.

Guests will have no trouble reaching the Radisson Blu Leninsky Prospect Hotel, Moscow, which is just 16km from Vnukovo International Airport and 9km from the city center.

The Radisson Blu Leninsky Prospect Hotel, Moscow will be managed by Radisson Hospitality AB under an international management agreement.

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