M"ovenpick Open New City-Resort in Kuwait

. October 14, 2008

SEPTEMBER 25, 2006. The international hotel chain with Swiss roots announces the opening of a second property in Kuwait: A management agreement has just been signed with the owning company ALARGAN International Real Estate Co. for the exclusive 308 room M"ovenpick Resort & Residence Al Bidaa Kuwait. The move is part of the M"ovenpick Hotels & Resorts' strategic growth plans in the Middle East and signals their strong commitment to developing tourism in Kuwait.

"M"ovenpick Hotels & Resorts enjoys an excellent reputation in the Gulf region", says Khaled Al Mashaan, Chairman and Managing Director of ALARGAN International Real Estate Co. "We look forward to working together with the Swiss hotel group and are confident that M"ovenpick's successful philosophy can be readily implemented at the M"ovenpick Resort & Residence Al Bidaa Kuwait."

Scheduled to open at the end of the year the 5-star hotel is located just 15 minutes from Kuwait International Airport in the city's prestigious Salmiah area. It covers a total area of some 40,000 sqm with 308 rooms and suites including a presidential suite and 14 family villas. The hotel's particular strength will be the residence part of the complex which houses an extensive choice of studios, two-bedroom and three-bedroom apartments designed to attract the long stay guests and serve as weekend retreat for the domestic market.

"The new hotel will allow us to offer our guests in Kuwait, both business travelers and holidaymakers, a comprehensive range of products and services," adds Andreas Mattm"uller, Senior Vice President Middle East M"ovenpick Hotels & Resorts. "Kuwait represents a key destination in terms of the expansion of our brand in the Gulf region and we are proud that our presence in the country will soon be expanded to two establishments."

With a wide range of leisure activities including six outdoor and one indoor swimming pool, three squash courts and a Kids' Club the M"ovenpick Resort & Residence Al Bidaa Kuwait is ideally suited to families. The resort also boasts its own extensive private beach and a luxurious spa, health and fitness centre, spanning over 900 sqm, is also planned. Conference and banqueting facilities include three flexible meeting rooms for up to 100 persons, a sub-divisible ballroom that will accommodate up to 400 persons as well as a business centre to cater the needs of the corporate traveler.

Dining experiences include a main restaurant and the specialty restaurant "Fish Market", where guests can enjoy the culinary delicacies for which M"ovenpick Hotels & Resorts are renowned. Drinks and snacks are served in the lobby lounge as well as at the pool bars and room service is available 24 hours a day.

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