Rezidor Announces Third Park Inn in St. Petersburg

Brussels | February 01, 2008

The Rezidor Hotel Group announces a new Park Inn in St. Petersburg: The Park Inn St.Petersburg, Nevsky Prospekt is expected to welcome the first guests in February 2009 andadds 246 rooms to the system. In between 2007 and 2009 Rezidor will open 20,000 rooms intotal. The new property is the 3rd Park Inn in town - Rezidor is also running the Park InnPribaltiyskaya (1,200 rooms) and the Park Inn Pulkovskaya (840 rooms). The group'simpressive portfolio is completed by the Radisson SAS Royal Hotel (164 rooms).

"We are now controlling 2,450 rooms in St. Petersburg", says Kurt Ritter, President & CEO ofThe Rezidor Hotel Group. "This is a clear sign of our leadership, and underlines how importantthe emerging Russian market is for our company."

The Park Inn St. Petersburg, Nevsky Prospekt will be built directly at the city's main avenue -adjacent to the Moskovskiy Rail Terminal, a main hub for leisure and business travelers.

Russia's most famous street Nevsky Prospekt offers numerous boutiques, restaurants andentertainment venues, and the main tourist and historical sites of St. Petersburg are just a fewminutes away. Besides 246 rooms, the new hotel will feature a restaurant, a lobby bar &lounge, meeting facilities and a parking area.

Facts & Figures
Hotel: Park Inn St. Petersburg, Nevsky Prospekt (to open)
Rooms: 246

About the Rezidor Hotel Group:
The Rezidor Hotel Group is one of the fastest growing hotel companies in the world. The group features a portfolioof 309 hotels in operation and under development with more than 63.000 rooms in 48 countries.

Rezidor operates the brands Radisson SAS Hotels & Resorts, Regent Hotels & Resorts, Park Inn and CountryInns & Suites in Europe, Middle East and Africa, along with the goldpoints plusSM loyalty programme for frequenthotel guests. Rezidor has signed a worldwide license agreement with the Italian fashion house Missoni, in order todevelop and operate a lifestyle hotel brand of the same name: Hotel Missoni.

In November 2006, Rezidor was listed on the Stockholm Stock Exchange. With 41,7%, Carlson Companies is themain shareholder.The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium.For more information on Rezidor, visit www.rezidor.com.

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