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Le Meridien Continues Expansion in Prague

Global hotel brand Le Meridien Hotels & Resorts is planning to extend its presence in Central Europe following the signing of a management agreement for a new five star hotel in Prague. The developers are J&T Global, based in Prague and the Belgian company Buelens Real Estate.

Le Royal Meridien Prague will be located in a listed building currently used as the head office of a bank and is situated in the old part of the town.

When the redevelopment of the property is completed, the hotel, which is due to open early 2009, will have a minimum of 165 rooms, including 18 suites; meeting rooms; restaurant, bar and street cafe; a fitness club and parking.

Michael Wale, Senior Vice President Le Meridien Operations, said, "We are thrilled to be announcing a new Le Meridien hotel in Prague - especially as this is the first hotel signing for Le Meridien since they become part of Starwood Hotels & Resorts on 24 November 2005. I am sure this newest hotel in our European portfolio will quickly establish itself as one of the premier hotels in this part of the world."

Roeland Vos, President, Starwood Hotels & Resorts Europe, Middle East & Africa, said "This latest addition to the Le Meridien portfolio is an exciting and significant development for Starwood, in that it reflects our focus to grow our newest brand. Le Royal Meridien Prague increases Starwood's commitment to this area of Central Europe, while further expanding on the wonderful Le Meridien properties we can offer our guests around the world. We are delighted to be working with J&T Global and Belgian Buelens Real Estate on this new hotel and we hope this development is the beginning of a long term partnership with them both."

Le Meridien currently operates five hotels in Central Eastern Europe - Budapest, Warsaw, Vienna and two in Moscow. Le Meridien has a portfolio of 130 luxury and upscale hotels in 53 countries worldwide. The majority of its properties are located in the world's top cities and resorts throughout Europe, the Americas, Asia Pacific, Africa and the Middle East.

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