Rezidor Makes Changes in Swedish Park Inn Portfolio

by TravelPulse Staff
Last updated: 6:48 AM ET, Wed December 5, 2007

The Rezidor Hotel Group announced changes in its cooperation with Swedish Winn Hotels regarding Park Inn hotels in Sweden. The two parties have extended the contracts for two Park Inn hotels, in Uppsala (94 rooms) and Solna (246 rooms), and have mutually agreed not to renew the agreements for the Park Inn hotels Bergmästaren/Falun, Gävle, Haninge and Karlskrona as well as for the Manor Houses in Bjertorp Slott, Högbo and Såstaholm (726 rooms in total).

All properties were under franchise agreements with limited financial impact on the Rezidor system and will exit the Rezidor portfolio as per April 30, 2008. The Park Inn brand in Sweden will now be cultivated for future growth. In 2010 Rezidor will open a 420-room Park Inn & Congress Center right in Stockholm, and will add the 177-room Park Inn hotels Hammarby Sjösta, opening in 2009 and a 220-room hotel in Malmö, opening in 2010. In addition, Rezidor currently has two other Park Inn projects under development in Norway, the downtown Park Inn Oslo with 119 rooms and Park Inn Norefjell, a resort with 140 rooms. For more information, visit www.rezidor.com

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