Internal Affairs

Rezidor concludes 2015 with the signing of 41 hotels and 7,900 rooms

Progressing on turnaround journey, group also reaches 100,000 rooms milestone

The Rezidor Hotel Group has concluded 2015 with 41 hotel signings totalling 7,900 purely fee-based rooms and the opening of 24 hotels with 4,000 rooms – surpassing 2014 results and further fuelling the long-term strategy of asset-light and sustainable growth in Europe, the Middle East & Africa (EMEA) with a particular focus on emerging markets and selected key countries. During the past year, Rezidor has also reached the milestone of 100,000 rooms in operation or under development.

A successful year for signings

“2015 was a successful year for us and an important stage on our journey towards increased profitability. Building on our achievements, using the momentum in many markets and rigorously pursuing our strategy, we grew the number of hotel signings by almost 30% compared to 2014”, said Elie Younes, Executive Vice President & Chief Development Officer of Rezidor.

In the course of last year, Rezidor signed projects in seven new countries (Armenia, Congo, Cyprus, Iraq (Kurdistan), Mauritius, Slovenia and Togo) and is now present in 80 countries across EMEA. The signings also included one new Quorvus Collection member in Oman/Muscat and three Radisson RED hotels in Cape Town/South Africa, Glasgow/UK and Brussels/Belgium. “We are particularly excited about our RED roll-out. This lifestyle select brand ideally complements our portfolio and unlocks commercial and shareholder value by capturing the growing guest segment of the millennial travellers. It is all set for future ambitious development in urban destinations”, commented Younes.

An accelerated plan for openings

In 2015, Rezidor opened 24 hotels with 4,000 rooms – an increase by 30% compared to 2014. Despite the challenging external environment, Rezidor opened four properties in Russia – clearly strengthening its position as the leading international operator in the area – and three hotels in Saudi-Arabia where the group has a country development agreement with the regional company Al Hokair. In Turkey, Rezidor cemented Radisson Blu as the largest upper-upscale brand in Istanbul – and launched the very first mid-scale Park Inn by Radisson in the city.

100,000 rooms

The speed of strategic signings and an accelerated openings plan made Rezidor reach the milestone of 100,000 rooms in operation or under development in 2015. “Our total portfolio continues to feature a solid pipeline of 20,000 rooms. 85% are located in developing markets which are often high RevPAR markets where we operate with fee-based contract models generating high EBITDA margins. While we continue to lead the upper-upscale segment in Europe with Radisson Blu, we remain committed to these emerging regions and mitigate market-inherent risks through our asset-light business model, a focused geographic execution and increased security measures”, ended Younes.

For further media information, please contact:

Christiane Reiter, Senior Director Corporate Communication, Christiane.Reiter@rezidor.com

Renu Snehi, Senior Director PR, Brand & Marketing Communication, Renu.Snehi@rezidor.com

About Carlson Rezidor Hotel Group

Carlson Rezidor Hotel Group is one of the world’s largest and most dynamic hotel groups and includes more than 1,370 hotels in operation and under development with 220,000 rooms and a footprint spanning 110 countries and territories. The Carlson Rezidor portfolio includes a powerful set of global brands: Quorvus Collection, Radisson Blu�, Radisson�, Radisson RED, Park Plaza�, Park Inn� by Radisson and Country Inns & Suites By CarlsonSM. In most hotels, guests can benefit from Club CarlsonSM, one of the 2015 – 2016 “Top Three Hotel Rewards Programs” as recently ranked by U.S. News and World Report. Carlson Rezidor Hotel Group and its brands employ 85,000 people worldwide and is headquartered in Minneapolis, Minn., and Brussels, Belgium. For more information, visit www.carlsonrezidor.com. Connect with Carlson Rezidor on social media: @CarlsonRezidor on Twitter and linkedin.com/company/2364.

Source: Rezidor Hotel Group AB

Internal Affairs

Elections, security issues of concern in West Africa

Upcoming elections and the recurrence of terrorist attacks in West Africa are of concern for the UN Security Council. The Council was briefed this week by the top UN official for the West African region on recent developments there. Veronica Reeves has the story. In a statement issued Saturday, the Security Council welcomed the recent […]

Internal Affairs

Togo’s Celebrates National Hot Pastrami Sandwich Day with Charity Giveaway and Pastrami Pounder Challenge

SAN JOSE, Calif., Togo’s Eateries, Inc., a “West Coast Original” since 1971, announced today that all 251 Togo’s restaurants will celebrate National Hot Pastrami Sandwich Day on January 14, 2016. Fans who sign up for the Togo’s Share the Love Pastrami Promotion will a receive a buy-one-get-one-free pastrami sandwich coupon, and they may donate their second sandwich to a local homeless shelter in exchange for a free drink.

Hungry Togo’s fans are also invited to participate in the 4th Annual Pastrami Pounder Challenge. Anyone who can eat Togo’s two-foot long, Family Size Pastrami Sandwich within 30 minutes will receive a certificate for a free Pastrami Pounder baseball cap.

National Hot Pastrami Sandwich Day celebrates a culinary tradition with nearly 130 years of history in the United States. By most accounts, pastrami came to the U.S. via Romanian Jews who settled in New York during the 19th century. Legend has it that butcher Sussman Volk got the pastrami recipe in exchange for letting a Romanian friend store luggage at his shop. Volk supposedly served the first hot pastrami sandwich in 1887 and soon converted his butcher shop into a deli to meet demand for the sandwich.

Since 1971, Togo’s has carried on Volk’s tradition with the big, fresh and meaty #9 Signature Pastrami sandwich. Featuring fresh-baked Classic White bread piled high with a quarter pound of hot, hand-sliced beef pastrami, the world-famous #9 comes with a money back guarantee if customers can find a hot pastrami sandwich they like better. In addition to the #9 Signature Pastrami, the Pepper Jack Pastrami and Pastrami Reuben, Togo’s serves the new Boom Boom Pastrami, a sandwich that pairs Togo’s premium pastrami with Ken’s Foods’ Boom Boom Sauce, a creamy blend of fiery chili peppers with a hint of garlic.

To sign up for Togo’s Share the Love Pastrami Promotion, guests can visit www.togospastramigiveaway.com. The signup form will open on Monday, January 4, and close Tuesday, January 12. The coupons will be emailed out to fans on January 14, and they are valid between January 14 and 21, 2016. Participants who choose to donate their second sandwich will receive a drink coupon during checkout at Togo’s. The free drink coupon is also valid January 14-21, 2016.

For the Pastrami Pounder Challenge, guests must buy one Family Size Pastrami Sandwich at regular price and inform a crew member that they are taking the Challenge. To win, one person must eat the entire sandwich, in-restaurant, within 30 minutes of the purchase time stated on the receipt. Winners will receive a completion certificate that includes details on how to claim the Pastrami Pounder baseball cap. Pastrami Pounder champions will be photographed and proudly featured on Togo’s social media pages.

“The #9 is our top selling sandwich and true source of pride for Togo’s. Nobody celebrates National Hot Pastrami Sandwich Day with as much passion as us,” said Renae Scott, Chief Marketing Officer at Togo’s. “We’re excited to celebrate this iconic sandwich, support our communities and cheer on Pastrami Pounder challengers. Come try the #9 on January 14, and you’ll taste why we guarantee each and every one.”

About Togo’s Eateries, Inc.

Togo’s was founded in 1971 by a young college student with a large appetite and little money looking to make sandwiches the way he liked them — big, fresh and meaty. Keeping in the spirit of the original, Togo’s products are still made with only the highest quality ingredients; including fresh-baked Artisan breads, hand sliced premium pastrami, turkey and roast beef, as well as California avocados and cheeses. Togo’s proprietary brand of old-fashioned Pastrami, 98 percent fat-free slow-roasted turkey, and Togo’s homemade chicken and tuna salad set the brand apart from other sandwich shops. With more than 325 locations open and under development throughout the West, Togo’s is a franchise-based business that offers online ordering and catering services. For more information call 1.877.718.6467 or visit http://www.togosfranchise.com. For general information on Togo’s Eateries, Inc., please visit http://www.togos.com.

SOURCE Togo’s Eateries, Inc.