Rezidor Announces Addition of The Radisson Blu Hotel, Accra, Ghana

BRUSSELS, Feb. 17, 2011 /PRNewswire/ -- The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, has announced its 10th hotel in West Africa: The Radisson Blu Hotel, Accra in Ghana, which is scheduled to open in 2013 and adds 168 rooms to Rezidor's pipeline.

"The emerging African continent is a key development area for Rezidor. We are delighted to add a new hotel in a new country to our portfolio which now comprises 37 hotels and almost 8,300 rooms in operation and under development across 15 African countries," said Kurt Ritter, president & CEO of Rezidor.

The Radisson Blu Hotel, Accra, will be located in the heart of the business district of the Ghanaian capital; 5 minutes walk from the beach. Besides 168 guest rooms which includes 20 apartments ranging from 1 to 3 bedrooms, the property will offer a restaurant, 2 bars, 300msq of meeting space, a gym, and an outdoor swimming pool.

One of the most economically and politically stable countries in Africa, Ghana has experienced several years of sustained economic growth, despite the global economic situation. Good fiscal management and high prices for key commodities like gold and cocoa have sustained the economy and the IMF projects accelerated growth for the coming years. Moreover, in December 2010 Ghana began to pump its first commercial oil from the offshore Jubilee Field, which contains an estimated 1.5 billion barrels of oil, and is projected to generate $1 billion in government revenues annually.

"Africa is an exciting market with huge natural resources, increasingly stable systems and improved infrastructure, a high GDP growth and - last but not least - an imbalance of supply and demand when it comes to modern, internationally branded hotel rooms. We see a great potential for profitable growth in Africa and are actively seeking for further development opportunities," commented Kurt Ritter.

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 more than 400 hotels in operation and under development with 86,300 rooms in over 60 countries, including a wide range of Paris hotels, Rome hotels and London hotels.

Rezidor operates the brands Radisson Blu Hotels & Resorts, Park Inn by Radisson and Country Inns & Suites in Europe, Middle East and Africa, along with the goldpoints plusSM loyalty programme for frequent hotel guests. Under a worldwide licence agreement with the iconic Italian fashion house Missoni, Rezidor also operates and develops the new lifestyle brand Hotel Missoni.

In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson, a privately held, global hospitality and travel company, based in Minneapolis (USA), is the majority shareholder. The Corporate office of the Rezidor Hotel Group is based in Brussels, Belgium.

SOURCE Rezidor Hotel Group

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