Radisson Hotel Chain Coming to Mongolia

Recently, the Rezidor announced the Radisson Blu Hotel in Ulaanbaatar, Mongolia.The hotel is to be located only 200m from the Square and overlooks the 100 year old Choijin Lama Temple. Radisson looks to join Shangri La and Hilton Hotels in Mongolia. Too bad Paris Hilton does not come along with the Hotel.

So, what do you think? More big name hotels = good thing for Mongolians and local Mongolian economy?

Here is the press release from Rezidor Hotel Group:

Rezidor announces the Radisson Blu Hotel, Ulaanbaatar in Mongolia

Group now present in more than 60 countries

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 Q1 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.

For further information please contact
Christiane Reiter, Director Corporate Communication
+32 2 702 9331,christiane.reiter@rezidor.com<mailto:christiane.reiter@rezidor.com>

Renu Snehi, Director Corporate Communication
+32 2 702 9241,renu.snehi@rezidor.com<mailto:renu.snehi@rezidor.com>

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 380 hotels in operation and
under development with 81,700 rooms in almost 60 countries.

Rezidor operates the brandsRadisson 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.
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
Companies is the main shareholder.

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

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