Swissotel and Riviera Tower Enter Agreement for 211-room Swissotel Riviera Tower Kazan

To Open in Russia in 2016

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. July 03, 2012

ZURICH - July 3, 2012 - Swissotel Hotels & Resorts and Riviera Tower Limited Liability Company have signed a management contract for a new deluxe hotel in Russia. The Kazan property will help the international hotel group with Swiss roots reinforce its footing in the Eastern European market and is scheduled to open in 2016.

The new outstanding hotel will follow the lead of Swissotel Krasnye Holmy in Moscow, which has successfully gained a superbe reputation over the last years, and will offer the Swiss brand a base in another significant Russian city. The Swissotel Riviera Tower Kazan will have 211 guest rooms and suites to offer business travellers and individual tourists a combination of high quality and modern design. A Pürovel Spa & Sport complex covering 1500 square metres, numerous indoor and outdoor sports facilities, a ballroom, a number of smaller conference rooms and various restaurants will round off the package.

The Swissotel Riviera Tower Kazan is in the very heart of Kazan, right on the banks of Kazanka river. The city is divided into two halves with their own characters. While one part around the Kazan Kremlin is more historic with a wide range of culture on offer, the other part, where the new Swissotel hotel will be located, is more the business and banking district. With around 1.2 million inhabitants, Kazan is situated about 800 km east of Moscow and is the capital of the Republic of Tatarstan. A unique combination of Western and Eastern traditions adds the city an inimitable colour. According to the results of an independent Forbes magazine research, it is on top of business climate and attractiveness rating for Russian cities. It is also known as an important destination for major sports events, including the upcoming Summer Universiade 2013, due to a highly developed infrastructure.

"Our hotel group has had a presence in Moscow for years and we have established an excellent reputation here," explains Meinhard Huck, President of Swissotel Hotels & Resorts. "The new hotel in Kazan will join the two deluxe hotels we plan to open in Sochi in 2013 and our existing hotel in Moscow, and represent a perfect addition to what we feel is a key Eastern European market."

Ivan Voitko, General Manager of Riviera Tower LLC added: "The infrastructure of Kazan is improving every day and the new complex with the state-of-the art five star hotel under Swissotel brand will become another significant element in the city strategy of advancement and development, and will contribute to a greater disclosure of touristic potential of the region."

About Swissotel Hotels and Resorts
Swissotel Hotels and Resorts is an award winning and distinctive group of deluxe hotels, combining renowned Swiss hospitality with contemporary design, personalised service, charm and efficiency. Located in popular gateway destinations and city centres, the hotels provide convenient access to business and shopping districts. The group's Swiss heritage ensures organisational competence, attention to detail, safety and a superlative guest experience.
(www.swissotel.com)

The international hotel chain is owned by FRHI Holdings Limited, a leading global hotel company with 102 hotels and resorts worldwide under the Raffles, Fairmont and Swissotel brands. The company also manages Fairmont and Raffled branded Residences, Estates and luxury private residence club properties.

Hotels under development: Makkah/Saudi-Arabia (2012), Sochi/Russia (2013), Chengdu/China (2014), Bangalore/India (2014), Mumbai/India (2014), Kiev/Ukraine (2014), and Odessa/Ukraine (2014).