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Rezidor enters economy segment, and accelerates growth

Group signs 13 hotels with 2,000 rooms and opens 7 hotels with 1,000 rooms during the first quarter of 2016.

Carlson Rezidor reports a strong first quarter for business development. The Group entered the economy segmend through the acquisition of a 49% stake of prizeotel. Prizeotel is a dynamic and innovative start-up company with currently 3 operating properties and 1 hotel under development in Germany.

Rezidor also continued to drive signings and openings. The 13 signings included a portfolio deal with 3 hotels in Riga/Latvia, 2 Radisson Red projects in Jeddah/Saudi Arabia and Dubai/UAE. The brand aims to reach 60 hotels globally by 2020 and has just opened it first hotel in Brussels.

Rezidor's Q1 openings also featured the Group's 100th franchise property and the very first hotel in Ivory Coast, the Radisson Blu Hotel Abidjan Airport.

Also read :

  • AccorHotels and HNA would be interested in Carlson Rezidor
  • In 2015, Carlson Rezidor launched the development of 120 new hotels
  • Carlson Rezidor pursues growth of the new brand Radisson Red
  • Carlson Rezidor reveals the first hotels in its Quorvus Collection


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