Rezidor announces the Radisson Blu Resort & Congress Hotel, Sochi / Russia

The  Rezidor Hotel Group,  one of the  fastest growing hotel companies worldwide
and  the  leading  international  hotel  operator  in  Russia/CIS, announces the
Radisson Blu Resort & Congress Hotel, Sochi. The property featuring 500 rooms is
scheduled to open its doors in Q1 2013.

"We  are  delighted  to  add  this  hotel  to our growing Russian portfolio. The
property  will  enjoy  a  beachfront  location  and  comprise one of the largest
conference  centers in Russia -  it will be a  true landmark", said Kurt Ritter,
President & CEO of Rezidor.

"Our  development  will  follow  the  most  modern  and  ecological construction
standards.  The property will be the first  hotel project built within the frame
of  preparation  for  the  Winter  Olympics  in  2014. We are glad to start this
project  together with Rezidor, a highly recognized hospitality company, and are
looking  forward to a successful  cooperation", commented Abbas Aliev, President
of Hotel Development CJSC.

Besides 500 modern guest rooms with Radisson Blu signature services such as free
high  speed internet access, the hotel will  offer a comprehensive range of food
and  beverage; including an all  day restaurant, 2 specialty restaurants, 2 bars
and a nightclub. In addition, the 15,000 square meter congress centre will offer
a  1,500 square meter banquet hall, numerous conference and meeting rooms, and a
dedicated  press  centre.  Leisure  facilities  will  include indoor and outdoor
pools, a fitness centre, tennis courts, and a kids club.

The   Radisson  Blu  Resort  &  Congress  Hotel,  Sochi  will  be  a  year-round
destination.  In  summer,  the  nearby  beaches  will beckon sun-starved Russian
families.  In winter, Sochi's soon-to-be famous ski slopes are within easy reach
via  a planned  high-speed rail.  Finally, during  spring and autumn the hotel's
substantial  congress centre will accommodate conferences, delegations and other
events. The hotel is already under construction - the opening in early 2013 will
allow one year of preparation before the Winter Olympics.

Sochi is currently undergoing a major transformation from a regional tourist hub
into  a global tourism  destination. Massive development  is underway to improve
the infrastructure and create new and modern attractions, including theme parks,
stadiums  and enhanced ski  facilities. Sochi's main  stadium will also host the
2018 FIFA World Cup finals. With such ambitious plans, the Sochi area has become
a  focus for Rezidor's  business development. Today,  the group already operates
the  Radisson Lazurnaya Hotel, Sochi.  Signed projects under development include
two  ski resorts in nearby Rosa Khutor  (Radisson and Park Inn by Radisson), and
two Park Inn by Radisson hotels in the city center of Sochi.

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 Hotel Development CJSC

Hotel  Development CJSC, a Moscow based  company, is focused on the construction
of  hotel complexes of international quality  in the upscale and luxury segment.
The company has developed several hotel projects in Moscow, the Krasnodar region
and  Kiev.  The  state  corporation  "Bank  for Development and Foreign Economic
Affairs" (Vnesheconombank) is a financial partner of Hotel Development CJSC.

For further information, contact:
Alexey Nefedov, Deputy General Director
+7 495 988 7158,an@hdvp.ru


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