Tuesday 22 May 2018

Rezidor inks 8 GCC hotel deals in 2013

Dubai, February 5, 2014

Rezidor, one of the leading hotel companies worldwide, had a successful 2013 in the Middle East region with the signing of eight new luxury hotel projects, including six in Saudi Arabia and one each in Oman and Bahrain.

The new signings in the region included Park Inn by Radisson Riyadh Olaya, Radisson Blu Resort Jizan, Radisson Blu Resort Al Khobar Aziziya, Radisson Blu Hotel & Residence Unaizah, Park Inn by Radisson Riyadh, Radisson Blu Hotel, Jeddah Al Salamah, Park Inn by Radisson Hotel Bahrain and Park Inn by Radisson Hotel & Residence Duqm in Oman.

Rezidor, a member of the Carlson Rezidor Hotel Group, said it had successfully ended 2013 with a total of 32 project signings (which on completion will offer 6,400 rooms) and 14 hotel openings (3,300 rooms).

In the fourth quarter alone, Rezidor had signed eight projects (2,150 rooms) and opened four hotels (950 rooms).

On its performance, Rezidor president & CEO Wolfgang M. Neumann, said:"We have achieved our signings target, and remained concentrated on asset-light, non-committed growth in emerging markets and selected focus countries: 75 per cent of all signings represent projects in our key development regions and destinations, and are well balanced between our core brands Radisson Blu and Park Inn by Radisson."

“A total of 35 per cent of all signed rooms are located in converted or half-built properties and scheduled to open within the next 18 months to further strengthen Rezidor’s operating portfolio within a short timeframe,” he noted.

Following an in-depth year-end review, Rezidor’s current pipeline features 19,500 rooms under development.

“We have thoughtfully analysed our full pipeline, and made deliberate adjustments in line with our strategy and commercial approach,” remarked Elie Younes, the senior VP & head of Group Development at Rezidor.

Rezidor’s hotel openings, he stated, slowed down slightly in 2013 due to the focus on emerging markets where construction delays occur more often than in mature markets.

Rezidor operates the core brands Radisson Blu and Park Inn by Radisson in Europe, the Middle East and Africa (EMEA), along with the Club Carlson loyalty programme for frequent hotel guests.

Under a worldwide licence agreement with the iconic Italian fashion house Missoni Rezidor operates and develops the lifestyle brand Hotel Missoni.-TradeArabia News Service

Tags: Bahrain | Oman | Rezidor |

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