Rezidor and Esta Holding announce the Park Inn by Radisson Donetsk, Ukraine

The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide
and the leading international hotel operator in Russia/CIS announce the Park Inn
by Radisson Donestsk. It is the very first Park Inn by Radisson hotel in Ukraine
and a common project with Esta Holding, the country's largest investor in the
real estate sector. The mid-market property is being developed on the basis of
the "Kiev" hotel located on Pushkin Boulevard in the center of Donetsk.

"Ukraine is a key market in Eastern Europe for us. We are already successfully
operating our upper upscale brand Radisson Blu in the country, and are delighted
to follow with our young and dynamic mid market brand Park Inn for which we see
a considerable growth potential", said Kurt Ritter, President & CEO of Rezidor.
The group's current portfolio in Ukraine features the Radisson Blu Hotel, Kiev;
the Radisson Hotel, Alushta on the Black Sea coast; and a third hotel under
development: the Radisson Blu Resort, Bukovel in the country's most popular ski
area.

"The Park Inn Donetsk will be the first internationally managed 3-star hotel in
Ukraine bringing the expertise and high standards of affordable accommodation to
the hospitality market," commented Dejan Djordjevic, Managing Director of the
Hospitality Business, Esta Holding.

The Park Inn by Radisson Donetsk has a prime location in the city centre:
Pushkin Boulevard is the city's main pedestrian street and home to numerous
cafes, restaurants, and monuments. Across the street is the recently re-designed
Shcherbakov Park, which hosts events and festivals (including the "Fan Zone"
during Euro 2012). The main square, Opera and Ballet theatre, large-scale
shopping malls and numerous corporate offices are in the immediate area. The
hotel is already under construction and will open in Q2 2012, with 175 guest
rooms, an all-day dining restaurant, meeting rooms, gym and outdoor parking.

Donetsk has large mineral resources and is one of the most economically
important cities in the Ukraine. Moreover, Donetsk's new "Donbass Arena" will
host five key matches during UEFA Euro 2012 (hosted jointly by Poland and
Ukraine) including the semi-final.


For further information please contact:

Christiane Reiter, Senior Director Corporate Communication
+32 2 702 9331,Christiane.Reiter@Rezidor.com

Renu Snehi, Director Corporate Communication
+32 2 702 9241,Renu.Snehi@Rezidor.com

Marina Makarova, Press Service Director
+ 38 062  381  51 36 ,press@estaholding.com


About The Rezidor Hotel Group

The Rezidor Hotel Group is one of the fastest growing hotel companies in the
world. The group features a portfolio of more than 400 hotels in operation and
under development with 88,800 rooms in over 60 countries.

Rezidor operates the brands Radisson Blu Hotels & Resorts and Park Inn by
Radisson in Europe, Middle East and Africa, along with the Club Carlson loyalty
programme for frequent hotel guests. Under a worldwide licence agreement with
the iconic Italian fashion house Missoni, Rezidor also operates and develops the
new lifestyle brand Hotel Missoni.

In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson, a
privately held, global hospitality and travel company, based in Minneapolis
(USA), is the majority shareholder.

The Corporate office of the Rezidor Hotel Group is based in Brussels, Belgium.

For more information on Rezidor, visitwww.rezidor.com


About Esta Holding

ESTA Holding is the managing company for Esta Group, a real estate holding of
SCM Group.

ESTA Holding acts as an investor and developer as well as ensures strategic
management over commercial, hotel and residential real estate.

Esta Group includes Donbass Palace Hotel (Donetsk), Opera Hotel (Kiev), Kiev
Hotel (Donetsk), a logistics complex (Dnepropetrovsk), as well as a number of
projects under realization, eg. a multi-functional Pushkinskiy Complex
(Donetsk), a mixed-use complexes in Moskovskaya square and in Frolovskaya street
(in Kiev.).  Also, the Group co-owns Leonardo business-centre in Kiev).

ESTA Holding is 100% owned by SCM Group.

Stay updated on ESTA at Twitter -www.twitter.com/esta_ua.
For more details seewww.estaholding.com

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