Carlson Rezidor Promotes K.B. Kachru to Chairman of the Hotel Group in South Asia

Appoints Raj Rana to Succeed Him as Chief Executive Officer

. February 26, 2013

Singapore - February 26, 2013 - Carlson Rezidor Hotel Group, one of the world's largest and most dynamic hotel groups, today announced the promotion of K.B. Kachru to chairman of the hotel group in South Asia, and the appointment of Raj Rana succeeding him as chief executive officer. Kachru and Rana will both report directly to Simon C. Barlow, president, Asia Pacific, Carlson Rezidor Hotel Group, who is based in Singapore. The changes will take effect on July 1, 2013.

In his new role as chairman, Kachru will continue to drive the growth of the company's hotels in South Asia, as well as mentor Rana in his new role as chief executive officer.

“K.B. is the founder of Carlson Rezidor's hotel business in India, and I am personally very pleased that he has accepted this very important and strategic position as chairman of our South Asia business. He has been instrumental in building the company in India over the past 15 years, and it is very important to Carlson Rezidor that we maintain continuity and preserve our position as the number one international hotel company in India by number of hotels,” said Simon C. Barlow.

Rana, a 22-year veteran of Carlson Rezidor, is a welcome addition to the South Asia management team. Rana, a US national born in Delhi, is an alumnus of the Institute of Hotel Management, Pusa, where he was awarded a diploma in Hotel Management. In addition, he has a bachelor of arts degree from the University of Delhi, as well as a master of business administration (MBA) from Dowling College in New York. Rana was most recently the vice president, Radisson Franchise Operations, Americas, based in Minneapolis.

“I am very excited to welcome an executive of the caliber of Raj Rana, who joins our South Asia management team with a wealth of international hotel management experience, having held numerous senior positions at Carlson Rezidor hotels in the United States and in Europe over the past 20 years,” said Simon C. Barlow. “Raj has proven ability to work exceedingly well with third party owners and possesses exceptional relationship skills. He has recently demonstrated a high level of skill in capturing market share and driving financial success across a large portfolio of hotels in the U.S., whilst at the same time delivering excellent guest experiences. Raj will be a valuable addition to our South Asia team and his appointment also marks the beginning of the next phase of growth for Carlson Rezidor in India, where we are on track to have 100 operating hotels by 2015.”

Rana starts his new role on April 1, and will work alongside Kachru until June 30.

About Carlson Rezidor Hotel Group
Carlson Rezidor Hotel Group is one of the world's largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 83 countries and territories, a powerful set of global brands (Radisson Blu, Radisson®, Park Plaza®, Park Inn by Radisson, Country Inns & Suites By CarlsonSM and Hotel Missoni). In most of the group's hotels, guests can benefit from the loyalty program Club CarlsonSM, one of the most rewarding loyalty programs in the world. Carlson Rezidor Hotel Group and its brands employ more than 80,000 people.

Carlson Rezidor Hotel Group is headquartered in Minneapolis, Minn., and Brussels, Belgium. www.carlsonrezidor.com

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