Radisson Hotel Group Set to Debut Radisson RED in Johannesburg With Planned 2021 Opening

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Belgium, Brussels. October 23, 2019

Radisson Hotel Group, one of the largest and most dynamic hotel groups in the world, is pleased to announce the signing of its second Radisson RED in South Africa - continuing the brand's fast growing African and global expansion. Scheduled to open early 2021, the Radisson RED Johannesburg Rosebank will arrive and shake up the hospitality industry in Africa's second largest city. The hotel brings the group's African portfolio to almost 100 hotels in operation and under development.

Rosebank is one of the fastest-growing business precincts in Johannesburg, offering an ideal opportunity for expansion. The new Radisson RED hotel will be located in Oxford Park, a vibrant mixed-use precinct comprising premium offices, apartments and supporting retail and restaurants, all situated within an exceptionally high-quality, privately managed and walkable public environment.

Elie Younes, Executive Vice President & Chief Development Officer, Radisson Hotel Group, said: "We are excited to have signed our second Radisson RED in South Africa, building on the successful opening of Radisson RED Cape Town and introducing our third brand to Johannesburg, alongside Radisson Blu and Park Inn by Radisson. Rosebank is regarded as Johannesburg's art district, making it the ideal fit for the vibrant Radisson RED brand. The hotel will be the first internationally branded lifestyle hotel in Johannesburg and our fourth hotel in the city. We thank our owners for their trust in us and look forward to a long and successful partnership."

Thinus Crafford, Developer and Oxford Parks's representative, commented: "The hotel will be located in the first phase of Oxford Parks - a unique, holistic urban space designed to uplift and enhance the community and promote a sense of belonging. The Radisson RED will complete phase one of Oxford Parks, consisting of 4 commercial buildings, the Radisson RED hotel and ancillary retail on the ground floor of each of the commercial buildings. Oxford Parks offers you an experience where business, lifestyle and leisure are harmoniously integrated. We are proud to announce that tenants such as BPSA, the Life Healthcare Group, Thebe Investment Corporation, ARUP, Metier, Credo Wealth and Sony have decided to relocate their corporate offices to Oxford Parks. All buildings within Oxford Parks will be designed to meet a minimum 4-Star Green Star rating. In Oxford Parks, sustainable technology becomes a lifestyle and not just a passing trend. We are delighted and honored to welcome to Oxford Parks, both Radisson RED and the investor, RDC Properties Limited, and are confident that soon both will experience and be part of this uniquely compelling urban space".

Guido Giachetti, Executive Chairman of the Realestate Group future owners of the hotel, via RDC Properties Limited, commented: "We are thrilled to be partnering with Radisson Hotel Group in bringing the first Radisson RED hotel to Johannesburg, injecting a new life into the district through the hotel's leading and unconventional concepts. This Radisson RED will be a welcome addition to our portfolio of hotels and to our property investments in the Republic of South Africa. As foreign investors based in the SADC region we are pleased to contribute to the growth of this magnificent country through capital inflow and employment creation".

The new-build, 222-room hotel will comprise of standard studios and suites in bold designs. The hotel will feature the famous Radisson RED food and beverage concepts and social scenes, such as the ‘all day dining' OUIBar + KTCHN. Following the footsteps of its sister hotel in Cape Town, voted the best rooftop bar in the city, Radisson RED Johannesburg Rosebank will also boast a trendy rooftop bar and terrace. This will also include a swimming pool and fitness room, giving guests various options to unwind, all while basking in the stunning Johannesburg skyline views.

The largest single metropolitan contributor to the national South African economy and home to the largest and busiest airport in Africa, Johannesburg is an important destination for business travelers. Introducing its distinct and quirky meetings and events space to the city, the hotel will offer six event studios, a conference room and a large meeting room - each with high-speed Wi-Fi, the latest audio-visual technology and creative spaces to drive inspiration.

Rosebank is located to the north east of Johannesburg, 4.5km from the Sandton area, and is one of the most popular nodes in the economic capital. The area is connected to the OR Tambo International Airport by the Gautrain, one of the most important mass transportation systems in Africa - providing guests with easy access to the hotel and offices, as well as Greater Johannesburg and Pretoria.