Analyst Research

Report Title Price
Provider: Wright Reports

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Rezidor Hotel Group AB Opens New Hotels and Signs New Projects

Monday, 8 Oct 2012 08:30am EDT 

Rezidor Hotel Group AB announced the signing of nine new hotels featuring over 2,000 rooms and opening of four new hotels with over 600 rooms in the third quarter of 2012. Almost all openings and signings in the third quarter of 2012 were fee-based and in the emerging markets of Eastern Europe, the Middle East and Africa. The third quarter 2012 new openings include two new-build hotels in sub-Saharan Africa, including Radisson Blu Hotel in Lusaka, Zambia and Park Inn by Radisson in Tete, Mozambiqe. The Company has also opened Radisson Blue Resort in Bukovel, Ukraine and Park Inn by Radisson in Odintsovo Moscow, Russia. The Company has also completed the extension of portfolio of six management agreements. The total portfolio features 1,400 rooms, including five Radisson Blu hotels in the Middle East and one Park Inn in France. The Company has also renewed a lease agreement for the Radisson Blu SkyCity Hotel, Stockholm-Arlanda Airport. This extension also includes the operation of the adjacent conference centre and addition of 30 new rooms to the hotel inventory. 

Related Company News

Company Quote

-0.3 -0.87%
4:42am EDT