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Saturday, November 28 - 2009

Rezidor announces two new hotels in Dubai

  • United Arab Emirates: Sunday, June 08 - 2008 at 10:55
  • PRESS RELEASE

The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, will strengthen its UAE property portfolio with the launch of two new hotels in the DMCC Business Park - a 13.8 hectare free zone authority offering 50-year guaranteed tax holiday, 100% business ownership, and a secure regulated environment.

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The dual Rezidor property, which will open in Q3 2011, will encompass the 150 room Radisson DMCC Business Park Hotel, Dubai and a second yet unbranded 300 room hotel in a 32 storey complex located at the centre of the development.

"Dubai is the economic heart of the United Arab Emirates and a very important market for us. These two new contracts bring our portfolio in the emirate to 10 properties in operation and under development - among them are the award winning Radisson SAS Dubai Deira Creek and Radisson SAS Dubai Media City,"


said Kurt Ritter, President & CEO, Rezidor.

Being developed in conjunction with DMCC - the Dubai Government's strategic initiative to establish a commodity market place in the emirate - the two hotels will play an important role in meeting the development's demand for high-end, short-stay business accommodation solutions.

"DMCC Business Park has been launched to meet the needs of the growing business community in Dubai, and will be a mixed used development. The double-branded hotel tower will prove to be of great value in catering to the varied interests of all our members and the Business Park. We are pleased to tie up with the Rezidor Group which brings its special expertise to this project," said Bryan Wilson, Executive Director - Property at DMCC.

The Radisson DMCC Business Park Hotel, Dubai will boast three restaurants, a bar and restaurant, a lobby area with an executive lounge, a ballroom, meeting rooms and fitness facilities as well as ample parking space. The second hotel will comprise a restaurant, lobby lounge, meetings rooms, fitness facilities and further restaurants which will be shared with the adjoining Radisson property.

"These hotels will play an important role in strengthening the Rezidor brand both here in the UAE and in the wider Middle East markets. Our partnership with DMCC, and their decision to appoint us to manage their properties, is a testament to our strengthening reputation here in the emirate," said Jean-Marc Busato, Area Vice President, Rezidor.

With the announcement of the upcoming Regent Emirates Pearl, Abu Dhabi in the United Arab Emirates, Rezidor is well on track to have a presence in each of the seven emirates in the next five years. Two Radisson projects are coming up in Fujeirah and Ras Al Khaimah and another three are being developed for Dubai, including the dual DMCC properties. Currently Rezidor has two city hotels and one residence in Dubai which are complemented by a beach resort in the adjoining emirate of Sharjah.

The group currently has 17 hotels either being operated or under development across the Middle East, representing 4,300 rooms.
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Notes and media contacts

Facts & Figures
Hotels: Radisson DMCC Business Park Hotel, Dubai /
A second yet unbranded DMCC property (to open)
Rooms: 150 + 300 = 450

For further information, please contact:
The Rezidor Hotel Group / Corporate Communications
Christiane Reiter
Tel. +32 2 702 9331

About The Rezidor Hotel Group:
The Rezidor Hotel Group is one of the fastest growing hotel companies in the world. The group features a portfolio of over 330 hotels in operation and under development with more than 68,000 rooms in 52 countries.

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

In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson Companies is the largest shareholder (42%).

The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium.

About DMCC
DMCC was created in 2002 as a strategic initiative of the Dubai Government to establish a commodity marketplace in Dubai. Rated 'A' by Standard & Poor's, it provides the market infrastructure that brings together a wide range of commodities activities, and is committed to serve the needs of participants in the gold, diamonds and commodities markets. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including a 50-year guaranteed tax holiday, 100 per cent business ownership, full ownership of business premises, and a secure regulated environment.

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