Agreement Signed For A New Radisson Sas Hotel At Disneyland� Resort Paris
	Marne-La-Vall�e, September 2003 - Euro Disney S.C.A, Rezidor SAS Hospitality and Orion (Orion European Real Estate Fund C.V.) announced today the signature of a joint agreement concerning a new Radisson SAS Hotel at Disneyland� Resort Paris.
The hotel will be developed by a subsidiary of Orion and managed by Radisson SAS Hotels & Resorts. Construction is expected to begin in January 2004 and completion is scheduled for summer 2005. It will be a �Disneyland� Resort Paris Associated Hotel�. In the heart of the tourist destination, adjacent to the Disney Theme Parks and convention centers, this new hotel will be strategically located on the celebrated 27-hole Golf Disneyland�. Offering top quality amenities and providing a relaxed and comfortable atmosphere, it will accommodate both families and business-oriented guests. This four-star, 250-room hotel will meet the needs of family and business travelers alike: offering three- or four-person rooms and suites to accommodate families as well as ballroom and conference suites adjacent to a business center for meetings and events. Food and beverage facilities will include two restaurants, a lounge, and health & leisure facilities including a club with fitness room, sauna, juice-bar, swimming pool and beauty parlor. The new Radisson SAS Hotel at Disneyland� Resort Paris has been designed by the architect Demetri Porphyrios, who has already contributed to concept design projects in Val d�Europe. Showcasing characteristic architecture inspired by eighteenth and nineteenth century French rural buildings, the hotel will harmoniously take its place in the surrounding lush landscape. Dominique Cocquet, Euro Disney S.C.A executive vice president, stated: �Euro Disney S.C.A is extremely pleased with this new deal with such major actors in the business field recognized for their know-how in the hotel and real-estate industries. We are also pleased to commence this collaboration with the Radisson SAS Hotels & Resorts brand, giving us the opportunity to extend our commercial presence in Northern Europe.� Kurt Ritter, president & CEO, Rezidor SAS Hospitality, stated: �Our expansion plans in France are entirely in line with the ambitious targets we have set for the chain. Disneyland� Resort Paris is ranked as one of Europe�s leading tourist destinations and we are anxious to introduce Radisson SAS Hotels & Resorts to its visitors. To complement the success of Radisson SAS Hotels & Resorts, we will soon introduce Rezidor SAS� other brands to France as well. Our close relationship with SAS Airlines will enable us to attract even more guests to Disneyland Resort Paris.� Aref Lahham, Managing Director of Orion Capital Managers, the manager of Orion, stated: �We are extremely pleased to launch our first hotel development in France in one of Europe�s leading tourist destinations and with one of the best hotel operators. Orion intends this hotel development to be the first of many to come across continental Europe in the next few years.�