Rezidor SAS Expands in South Africa

11th Feb 2003

Rezidor SAS Hospitality is to open its first Park Inn property in Cape
Town,  South Africa.  This will be the chain`s second hotel in South
Africa, where it already manages the Radisson Hotel Waterfront.
The Park Inn Greenmarket Square Hotel is ideally situated near the
Central Business District of Cape Town within easy walking distance of a
variety of cultural and leisure attractions including the famous
V & A Waterfront consisting of numerous shops and restaurants.

Fredrik Korallus,  Senior Vice President & COO for Park Inn,  comments:
“The Park Inn Greenmarket Square,  in addition to the 1006 guestroom
Park Inn Alexanderplatz Berlin, is one of the founding hotels upon which
we will build this new and exciting brand.”
The 170-room hotel now offers all the comfort and hospitality of an
international three-star hotel.  It features an Irish Pub and an all-day
restaurant,  Flavours,  with a terrace overlooking the vibrant and
historic Greenmarket Square.
The first Park Inn in Africa is the second of a number of planned hotel
openings by the group between now and 2012 and marks the start of the
company`s aggressive expansion plan.  As President & CEO of Rezidor SAS,
Kurt Ritter explains:  “Our target is to reach a portfolio of 700 hotels
under all four brands in Africa,  the Middle East and Europe.  A
considerable amount of these openings - predominantly under the Radisson
SAS and Park Inn brands - will be in Africa and particularly in South
Rezidor SAS took over the hotel from Holiday Inn in August 2002.  Since
then,  the hotel has been undergoing a vigorous renovation programme and
from now the hotel`s name is Park Inn Greenmarket Square.

Rezidor SAS is the master franchise holder for the Regent, Radisson SAS,
Country Inn and Park Inn brands in Europe, the Middle East and Africa.
The company currently operates 126 Radisson SAS Hotels & Resorts with a
further 36 properties under development. The Radisson SAS portfolio now
extends to 39 countries.
Rezidor SAS has held the Radisson master franchise since 1994, Regent,
Country Inn and Park Inn joined the portfolio in 2002. The company
project that they will have 700 hotels across all brands, operating
within the EMEA region by 2012. Rezidor SAS is a wholly owned subsidiary
of the SAS Group.


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