The Rezidor Hotel Group has signed for 11 new projects including almost 2,200 rooms in Q2 of this year.
Four signings represent upcoming hotels in Saudi Arabia, and two signings are related to Turkey. “Due to its fast economic growth and ambitious public spending initiatives, Saudi Arabia is a powerhouse in the Middle East. We have accelerated our development in the Kingdom together with strong regional partners, and are actively seeking further growth opportunities,” says Wolfgang M. Neumann, president and CEO of Rezidor. “In Turkey, a hub between Europe and Asia, our network is equally expanding. In the mega-market Istanbul, Radisson Blu is now featuring seven hotels and 1,500 rooms and is the largest upper-upscale brand in town.”
Rezidor also opened five hotels with almost 800 rooms, among them one of Norway’s first dual-branded properties, the Radisson Blu and Park Inn by Radisson Hotel Oslo Alna. The other openings included the Radisson Blu Hotel Dhahran, Saudi Arabia; the Radisson Blu Mammy Yoko Hotel Freetown, Sierra Leone; and the Radisson Resort & Spa Zavidovo, Russia.
In Norway, the group negotiated a 20 year extension of the management agreement for the 676 rooms flagship Radisson Blu Plaza Hotel, Oslo-one of the highest fee generating properties in Rezidor’s portfolio. The lease contract for the Radisson Blu Hotel, Ålesund was also extended by 20 years.
