Radisson Deal for Unique Resort in Ireland

Radisson SAS Hotels & Resorts,  the first class hotel brand of Rezidor
SAS Hospitality and the leading international hotel brand in Ireland,
has signed an agreement to manage a unique resort to be developed on the
Farnham Estate in Cavan.
Roy McCabe,  owner of the Farnham Estate comments:  “Together with
Radisson SAS we will ensure that the heritage of the old estate will be
enhanced, allowing its great natural beauty to be enjoyed by the public,
for the first time in four hundred years.”

The Farnham Estate is a 1300 acre parkland with lakes,  pasture and
woodland.  The historic site will see an investment of 50 MEUR to be
developed into the Radisson SAS Resort & Spa,  Cavan,  a destination
lifestyle resort.  The existing Farnham House, which dates back to 1780,
will be retained,  and the hotel will be built adjacent to the existing
house. The project will include a 158-room hotel and a championship golf
course. The hotel will offer several restaurants, a state-of-the-art spa
and wellness centre with 30 treatment rooms as well as meeting
Kurt Ritter,  President & CEO Rezidor SAS Hospitality comments:  “I am
extremely pleased with our development in Ireland and the addition of
The Radisson SAS Resort & Spa, Cavan to our portfolio.  This will be our
first resort in the country and once the project is completed it will
join a short list of exclusive castles and manors in Ireland.”

The architect for the project is Des McMahon of the Dublin firm Gilroy
Radisson SAS Hotels &  Resorts,  part of Rezidor SAS Hospitality,
currently operates 130 hotels in 37 countries in Europe, the Middle East
and Africa, with another 30 projects under development.  Radisson SAS is
a four star plus,  club class hotel brand with key differentiators such
as the 100% Guest Satisfaction Guarantee and the Yes I Can spirit of
Rezidor SAS Hospitality,  one of   the fastest growing hospitality
companies in the world,  has a portfolio of five brands.  Rezidor SAS is
the sole franchisor in Europe,  the Middle East and Africa for the
Carlson brands:  Radisson,  Park Inn,  Country Inn and Regent.  In March
2003,  Rezidor SAS announced its new lifestyle hotel brand Cerruti,  a
joint initiative with the international fashion house.  Rezidor SAS
currently includes 210 hotels in operation and under development in 40
countries.  The company aims to include 700 hotels under the different
brands by 2012. For more information on Rezidor SAS and its five brands,
visit www.rezidorsas.com.