Rezidor announces the Park Inn by Radisson Petrozavodsk, Russia


The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide
and the leading international hotel operator in Russia/CIS, announces the Park
Inn by Radisson Petrozavodsk. The property featuring 180 rooms is scheduled to
open in 2013. It is owned by Piter Concern. Park Inn by Radisson is a mid-market
brand which offers reliability, personalized services and great value for money.

"Russia  is a focus region  for the future development  of our young and dynamic
brand  Park Inn by  Radisson - the  country offers big  potential for successful
mid-market  concepts.  With  this  signing,  our  Russian  Park  Inn by Radisson
portfolio  reaches 6,000 rooms  in operation  and under  development", said Kurt
Ritter, President & CEO of Rezidor.

Petrozavodsk  is a rapidly growing city in Northern Russia, close to the Finnish
border.  The new Park Inn by Radisson property will be the first internationally
branded  property in town  and located in  the very centre  at 1 Gagarin Square,
named after the famous Russian cosmonaut Yuri Gagarin. The main train station is
next  door  and  the  city's  cultural  attractions are within walking distance.
Besides  180 modern  and  comfortable  guest  rooms,  the  hotel will comprise a
Paulaner restaurant, meeting rooms, and parking.

Petrozavodsk  also is  the capital  of the  Republic of  Karelia, one of the 21
republics  which make up the Russian Federation. The city was founded in 1703 by
Prince  Menshikov on the behest  of Peter the Great,  who needed a manufacturing
centre  to support economic development in Northern Russia. Petrozavodsk is just
350 kilometres  away from the  Finnish border, thus  Karelia and Finland share a
long  partnership  related  to  science,  economy  and  culture.  Today, Karelia
supplies  a high proportion of Russia's timber and paper products and the region
is  also known for its lucrative iron ore mines. Thanks to its rugged beauty and
untouched  wilderness, Karelia is a popular  tourist destination. The forests of
Karelia  are full of brown bears, reindeer and elk. As the capital, Petrozavodsk
is the ideal base for exploring the region.

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


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 415 hotels in operation and
under development with 90,000 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, visit www.rezidor.com


About Piter Concern

Piter  Concern is one of the biggest groups in St. Petersburg and the North-West
of Russia, and focusing on development and reconstruction of commercial malls.

During the last 10 years, the company has successfully completed many investment
projects,  inclusive  construction  and  management  of the commercial complexes
Sennaya (2003) and Piter (2006). Piter Concern is a member of the St. Petersburg
Chamber of Commerce since 2006.

For more information on Piter Concern, visit www.piter-center.ru


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