Rezidor Hotel Group Has Record Year of Hotel Openings with 7,200 Rooms

  • Rezidor Hotel Group
  • 12.10.10
The Rezidor Hotel Group announced a third consecutive record year of openings: in 2010, the company opened 7,200 rooms and exceeded its results from 2008 (6,500 rooms) and 2009 (7,100 rooms).

“Throughout the global downturn we have kept our growth pace and momentum. Moreover, we have grown in a balanced and profitable way and fully aligned with our asset-light business model,” said Puneet Chhatwal, senior vice president and chief development officer of Rezidor.

Among the highlights of Rezidor’s openings in 2010 were flagships such as the Radisson Blu Hotel, Milan; the Radisson Blu Gautrain Hotel, Sandton Johannesburg, South Africa; and the Radisson Royal Hotel, Moscow, the former Hotel Ukraina. Rezidor also concluded an outstanding portfolio deal in April 2010 and took over the management of the former Reval Hotels, one of the biggest hotel chains in the Baltics (2,300 rooms in 10 hotels in Latvia, Estonia, Lithuania and Russia). Also in 2010, 18 hotels were opened under the Park Inn by Radisson brand. These included projects in European cities such as Frankfurt, Oslo and Stockholm – hotels which demonstrate Rezidor’s continued success in developing the brand in their home markets.

“We are well positioned for the upturn and continuing our ongoing success story. Our pipeline is ever-expanding, and the Radisson Blu and Park Inn by Radisson European pipelines are the largest in their respective market segments,” said Chhatwal.
 
Across Europe, the Middle East and Africa, Rezidor has 20,000 rooms under development which are scheduled to come online during the next three years – over 95 percent of this pipeline consists of fee-based management and franchised contracts.
 
“Our strategy of further profitable growth through such non-committed contracts includes a strong focus on the emerging markets of Russia/CIS and Africa, which offer great potential due to considerable natural resources, high GDP growth, and a lack or undersupply of internationally branded hotel rooms,” said Chhatwal.
 
Notable projects scheduled for 2011 include the second Hotel Missoni: Hotel Missoni Kuwait. Two fantastic launches await Sweden as well: in Stockholm Rezidor will open the Radisson Blu Waterfront Hotel, and in Malmö a new Park Inn is scheduled for a first quarter opening.


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