Rezidor SAS strengthens presence in France of Radisson SAS and Park Inn brands

Brussles, 13 May 2004…. As of 1st June 2004, the hotel operator Rezidor SAS Hospitality takes over the management of properties acquired by the financial group Darthall B.V. by a 100% shareholding of the E.G.H. group, until now owned by the Partouche Group.

Rezidor SAS will manage seven hotels in France on the basis of a long term Lease Agreement; Le Méridien in Lyon (245 rooms) and the Park Hôtel Aix-les-Bains (120 rooms) will be re-branded Radisson SAS and renamed Radisson SAS Hotel Lyon and Radisson SAS Hotel Aix-les-Bains respectively. The remainder of the properties, formerly of the Partouche Group in Lyon, Nancy, Macon, Orange and Arcachon will be re-branded Park Inn.

The hotels have undergone an important renovation program in recent years, collectively estimated at 11 million Euros. Rezidor SAS intends to make further investments, in particular in the Park Inn hotels, introducing a new line of amenities conforming to brand specifications.

Rezidor SAS already manages five properties in France: Radisson SAS Hotel Charles de Gaulle Airport, Radisson SAS Hotel Champs-Elysées, Radisson SAS Hotel Nice, Park Inn Nice and Country Inn Charles de Gaulle Airport.

With these additions, Rezidor SAS becomes an important international hotel operator in France, with a total of 12 properties in operation totaling 1844 rooms in the mid market and first class segments.
Furthermore, hotel openings are scheduled under the Radisson SAS brand in Bordeaux, Paris Porte de Saint-Cloud and Disneyland Resort Paris in 2005 and in Marseille in 2006.