RADISSON BLU HOTEL TO BE BUILT IN ULAANBAATAR

Ulaanbaatar, /MONTSAME/ The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces a new hotel in a new country: The Radisson Blu Hotel, Ulaanbaatar with 175 guest rooms is scheduled to open in the first quarter of 2011.
"We are delighted to enter Mongolia which is a fascinating destination and the 61st country where Rezidor is present", comments Kurt Ritter, President & CEO of Rezidor. "Our co-operation will strengthen the business of both our companies, and bring a new clientele to Mongolia", adds Jan Wigsten of "Nomadic Journeys", owner of the hotel.
The Radisson Blu hotel, already under construction, is located in the heart of Mongolia's capital city Ulaanbaatar, 200 meters from Sukhbaatar Square and Peace Avenue. Adjacent to the building (the rooms look down on it) is the 100-year old Choijin Lama Temple which features the 18th-century gold-covered statue of Buddha Shayaryamuni; the Ministry of Foreign Affairs; the Opera House; and the Museum of Natural History. Besides 175 rooms, the hotel will feature 3 restaurants (including a Paulaner micro brewery), a wellness centre and 1,500 square meters of conference and meeting space.
Mongolia is known as the home of Genghis Khan and its beautiful, undulating steppe grasslands which extend into China and Russia. Virtually unknown to the outside world prior to the 1990s, the country is emerging as a travel destination. Considered remote and exotic with a rich history, Mongolia has a unique combination of attractions for visitors - annual tourist arrivals have been growing at a compound annual rate of 15%. Corporate travel also offers considerable opportunities as Mongolia's economy will experience impressive growth. With its extensive mineral deposits it is a key exporter of commodities helping fuel the rapid economic advancement of neighbouring China. The country has made a successful transformation from a state-controlled to market-driven economy.
The Rezidor Hotel Group is one of the fastest growing hotel companies in the world. The group features a portfolio of close to 370 hotels in operation and under development with more than 78,300 rooms in 58 countries. Rezidor operates the brands Radisson Blu 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 main shareholder. The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium
S.Batbayar