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Rezidor signs 1,600+ rooms and opens 1,400 rooms in Q2-2017

July 26, 2017 Hotel Developments No Comments Email Email

The Rezidor Hotel Group continued its dynamic growth in the second quarter of 2017 with eight new hotel openings and four signings, representing 1,397 rooms and 1,666 rooms, respectively. The group added the world’s largest Radisson Blu Hotel and Park Inn by Radisson in Makkah, Saudi Arabia.

A solid EMEA pipeline
Development continued at a brisk pace with more than 100 hotels and 26,000 rooms in the pipeline across Europe, the Middle East & Africa.

‘While we continue our focus on asset light strategy in emerging markets, we are currently reviewing our approach and will launch an adjusted expansion plan in the coming months that is tailored to the current business environment and investment cycle,’ says Elie Younes, Executive Vice President and Chief Development Officer of Rezidor

Park Inn by Radisson dominates Q2 openings
Across Europe, Rezidor remains the largest operator of upper upscale hotels, while growing its presence in the mid-market segment through Park Inn by Radisson. “Our midscale brand continues on a rapid growth trajectory,” says Younes. “Seven of the eight newly opened hotels in Q2-2017 are Park Inn by Radisson hotels.”

Africa continues to be an important growth market for Rezidor. Q2-2017 brought new openings of Park Inn by Radisson hotels in Nairobi Westlands, Kenya, and Kigali, Rwanda.

The portfolio additions rolled in Eastern Europe with a new Park Inn by Radisson Izmailovo in Moscow, and in the Middle East with a 459-room hotel in the holy city of Makkah, Saudi Arabia.

Momentum across Europe
Rezidor continues to build on its strong European presence by signing a new Park Inn by Radisson in Liège, Belgium, and a new prizeotel near Munich Airport in the Hallbergmoos municipality, continuing the expansion of the economy brand through a joint venture between Rezidor and prizeotel. The group also opened its second hotel in Hasselt, Belgium – right next to the existing Radisson Blu Hotel, Hasselt, complementing the March opening of Park Inn by Radisson Brussels Airport.

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