Radisson Hotel Group Signs Master Development Agreement With SunnySeeker Hotels in Cyprus

Belgium, Brussels. February 27, 2019

Radisson Hotel Group, one of the largest and most dynamic hotel groups in the world, is delighted to announce the signing of a Master Development Agreement with SunnySeeker Hotels in the Republic of Cyprus. Building on an already-successful partnership, the new deal will see the group grow its existing portfolio in the country to six hotels and almost 1,000 rooms by 2025.

SunnySeeker Hotels has been a partner for Radisson Hotel Group in Cyprus since 2015. This new agreement is a valuable opportunity for both companies to capitalize on each other's industry expertise, market position and global presence. It will see Radisson Hotel Group work hand in hand with SunnySeeker Hotels to develop and deliver new hotels on the Mediterranean island.

Elie Younes, Executive Vice President & Chief Development Officer, Radisson Hotel Group, said: “We're excited to have signed this Master Development Agreement with SunnySeeker Hotels as our trusted partners in Cyprus - and with whom we already have three hotels. We're glad to extend our collaboration in a market where we can grow our portfolio in line with an aligned expansion plan. We thank them for their trust and the successful journey so far.”

Mr. Antonis Hadjinicolas, General Manager of SunnySeeker Hotels, said: “It's a pleasure to continue our longstanding and successful relationship with Radisson Hotel Group, and to be working with them to develop a range of exciting opportunities across Cyprus. We're highly committed to the success of our cooperation with Radisson Hotel Group - as demonstrated by the recently opened Radisson Blu Hotel, Larnaca in the city and the upcoming opening of the Radisson Larnaca Beach Resort. We look forward to offering Radisson Hotel Group guests a growing range of outstanding experiences as part of this partnership.”

Radisson Hotel Group's existing portfolio in Cyprus consists of three Radisson Blu and Radisson properties (and approximately 500 rooms) in operation or under development. The Master Development Agreement will see this double to six hotels and almost 1,000 rooms in operation by 2025.

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