Radisson Hospitality publ : RED coming to the Old Town in Tbilisi, Georgia

Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, is proud to announce the signing of the second Radisson RED in Georgia. The new Radisson RED Tbilisi Old Town, Georgia, is set to open its doors in late 2020.

This upscale, select-service lifestyle brand from the Radisson Hotel Group is ready to give the guests a playful twist on the conventional hotel stays.

Georgia's capital offers picturesque architecture and exciting museums, an ever-lively arts and cultural scene and funky bars, clubs and inviting restaurants - all topped with the welcoming Georgian lifestyle. In the heart of the Old Town, located on the popular pedestrian Agmashenebeli Avenue which is lined with cafes and bars, and only minutes from the famous sites of the Old Town, the 100-room Radisson RED will occupy the famous old 'Postampt (Post Office)' building.

Elie Younes, Executive Vice President & Chief Development Officer, Radisson Hotel Group, said: 'We're excited to announce the signing of this new Radisson RED hotel in heart of Tbilisi. It will create a fusion of bold modern design and historic grandeur, transforming the Old Post Office to provide guests with a unique experience in a vibrant and beautiful city. It's a real estate opportunity that we just couldn't say no to.'

'This signing demonstrates our continued commitment to development in the Georgian market. We now have two hotels in operation, a third - the Radisson Collection Hotel, Tsinandali Estate Georgia - due to open later this year, and five more in development including this new Radisson RED property.'

Due to arrive in Q4-2020, Radisson RED Old Town, Tbilisi, Georgia will feature 100 inviting and unconventional guestrooms the OUIBar + KTCHNas well as an inner courtyard bar & restaurant. In addition, there will be RED Fitness, flexible meeting space and the signature RED lobby experience. The design will be a mix of classic and modern - using the historical building to generate a unique product.

A representative of the hotel's owner, Valeri Mighdiseli, commented: 'We are happy to collaborate with Radisson Hotel Group, the leading international hotel group in the region, on this project which will fuse a well- known historical building in old Tbilisi with the new and exciting RED brand. Our guests can expect more than they wish for and enjoy a hotel that stands out from the crowd.'

The district itself is a labyrinth of narrow streets with old brick-build homes and wooden balconies overwhelmed with colorful flowers. The style is a mix ofGeorgian architecture with influences from the winding streets of an Asian or Arabic town, interwoven with European including Art Nouveau, and classical Russian architecture.

Over the past decade, Georgia's economy has grown, and tourism is one of the fastest growing sectors in the Georgian economy.

Radisson RED Old Town, Tbilisiwill be operated by Radisson Hospitality AB under an international management agreement.

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MEDIA CONTACTS:

Alexandra Lindvik, Area Director Communications & PR, Nordics, Eastern Europe & Russia

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Lucie Cardona, Director, Corporate Communications, PR & Reputation Management

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ABOUT RADISSON HOTEL GROUP

Radisson Hotel Group™ is one of the world's largest hotel groups with eight distinctive hotel brands, more than 1,400 hotels in operation and under development around the world.Radisson Hotel Group portfolio includes Radisson Collection™, Radisson Blu^®, Radisson^®, Radisson RED^®,Park Plaza^®, Park Inn^®by Radisson, Country Inn & Suites^®by Radisson and prizeotel.

Radisson Rewards™is a global rewards program that delivers unique and personalized ways to create memorable moments that matter to our guests. Radisson Rewards offer exceptional loyalty benefits for our guests, meeting planners, travel agents and business partners.

Radisson Meetings place people at the heart of everything we do and treat every meeting or event as more than just a date on the calendar. Designed around three key commitments - Personal, Professional and Memorable - delivered through bespoke services, Radisson Meetings create successful and unique experiences for our guests.

More than 95,000 team members work globally for the Radisson Hotel Group and at the hotels licensed to operate in its systems.

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Radisson RED^® is an upscale, select service hotel brand that presents a playful twist on the conventional. Radisson RED hotels inject new life into hospitality through informal services where anything goes, a social scene that's waiting to be shared and bold design that kick-starts the fun. Radisson RED hotels are in vibrant, urban locations where travelers have the unique opportunity to tailor their stay to their style. Guests and professional business partners can enhance their experience with Radisson RED by participatingin Radisson Rewards™, a global loyalty program offering exceptional benefits and rewards. Radisson RED is a part of the Radisson Hotel Group™which also includes Radisson Collection™, Radisson Blu^®, Radisson^®, Park Plaza^®, Park Inn^® by Radisson, Country Inn & Suites^®by Radissonand prizeotel. For reservations and more information visit, www.radissonred.comLinkedIn: https://www.linkedin.com/company/radisson-red/Instagram: https://www.instagram.com/radissonred/Twitter: https://www.twitter.com/radissonredFacebook: https://www.facebook.com/radissonred/