New Property to Debut in 2009

Radisson SAS Hotels & Resorts, the first class full service brand of The Rezidor Hotel Group, will operate a 321-room resort in the emirate of Fujairah, its fifth property in the United Arab Emirates.

The Radisson SAS Al Aqah Beach Resort Fujairah, is scheduled to open in 2009. The property will have three restaurants, extensive meeting facilities, outdoor swimming pools, a private beach, as well as a spa and health club. The resort will be close to the Musandam peninsula in Oman. Infrastructure Capital Group is the owner and developer of the Radisson SAS Al Aqah Beach Resort.

Jean-Marc Busato, Area Vice President, The Rezidor Hotel Group said, "Fujairah has witnessed a rapid rate of economic and social development over the last five years and is already well-known in the local market for its stunning nature and marine life. Proposed developments of the emirate will hopefully also raise the emirate's international tourism profile." Infrastructure Capital Group and Rezidor are also discussing the construction of 70, exclusive beach-front condominiums adjacent to the Radisson SAS Al Aqah Beach Resort. In addition to its own exclusive beach and landscaped gardens, the condominiums would be serviced by the Resort and have access to its first-class facilities.

Rezidor currently has three properties in the United Arab Emirates - Radisson SAS Resort, Sharjah and last year it opened two hotels in Dubai, Radisson SAS Hotel, Dubai Media City and Radisson SAS Hotel, Dubai Deira Creek. In 2008, it will also see the opening of the Radisson SAS Residence, Pier 24 in Dubai Marina.


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NOTES TO EDITORS

Radisson SAS Hotels & Resorts, part of The Rezidor Hotel Group, offers first class service, providing guests with a contemporary, upscale hospitality experience. Radisson SAS has received numerous awards for Best Hotel Chain and is renowned for its "Yes I Can" spirit of service and the "100% Guest Satisfaction Guarantee". September 2005 saw the roll out of a free broadband service across the portfolio - the first international hotel chain to offer this service. Radisson SAS currently includes 185 hotels either in operation or under development, in 46 countries, in Europe, the Middle East and Africa.

For more information, visit www.radissonsas.com

Infrastructure Capital Group, Ltd is a privately held developer of real estate and infrastructure projects in the Middle East, the United States and Europe with office, residential and retail projects under development in the United Arab Emirates, Washington, DC and Greece. Its US activities are conducted by its US affiliate, ICG Properties (www.icgproperties.com).

Or contact: Esther van Bemmelen, PR & Communications Manager
The Rezidor Hotel Group Middle East
Tel. 00971 4 390 0082 Fax 00971 4 390 8171
esther.vanbemmelen@rezidor.com