WORLD PROPERTY CHANNEL ®

(BRUSSELS, BELGIUM) -- Five days after announcing plans for the acquisition of two hotels in Brighton, England, previously reported by Real Estate Channel, the Rezidor Hotel Group of Brussels has grown its 370-property portfolio by another three assets.

They are The Park Inn Abu Dhabi, Yas Island, in the United Arab Emirates (204 rooms) will open at the end of 2009;  the Park Inn St. Gallen in Switzerland (100 rooms) will join the group by mid 2010; and the Park Inn Dnepropetrovsk in Ukraine (250 rooms) will welcome the first guests in the second quarter of  2011.

Rezidor previously added Park Inn Brighton (84 rooms) and Radisson Blu Hotel (59 rooms).
"Park Inn is our fastest growing brand," says Kurt Ritter, President and CEO of Rezidor.

"We only started in January 200. Our pipeline today features more than 125 hotels with almost 23,000 rooms in operation and under development.

"Especially emerging markets like the Middle East and Russia/CIS offer a huge potential for this young and dynamic brand; but I'm also delighted to add a Park Inn to our Swiss portfolio."

Ritter says The Park Inn Abu Dhabi, Yas Island is Rezidor's first Park Inn in the United Arab Emirates. It will be located adjacent to the planned Radisson Blu Hotel, Yas Island (which is also scheduled to open its doors this year), within the most prominent mixed-use development in Abu Dhabi.

The Park Inn St. Gallen brings Rezidor's portfolio in Switzerland to seven hotels with 1,200 rooms in operation and under development.

Ritter says the hotel is ideally located in the center of St. Gallen in north-eastern Switzerland, on the edge of the central Stadtpark, within walking distance of the traffic-free old town and 500 meters away from the existing Radisson Blu St. Gallen.

The Park Inn Dnepropetrovsk will be located west of the center of Dnepropetrovsk, a city 400 kilometers southeast of Kiev on the banks of the River Dnipro.

The city has a population of over one million and is one of the country's key manufacturing and exporting regions.

Ritter says that with a hotel market conspicuously lacking in international brands, "it is considered ripe for hotel development."

He says future guests of the hotel "will enjoy its  proximity to the railway station and commercial areas.

"It is ideally located for visitors interested in sports or theater: it is within 2 kilometers of the Opera & Ballet Theater and the Dnipro Arena, where 3 group matches of the 2012 European Championship will be played."  

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