Financial Results

Brussels. Rezidor SAS Hospitality announced its results for 2005. The company generated group wide revenue of MEUR 587.0 as compared to MEUR 498.7 in 2004; an increase of 17.7%. The key driver of this financial development is an 11% growth in the company's Revenue Per Available Room. In 2006, the company will continue with its vigorous development strategy with an increased focus on developing Russia, CIS and East European markets.

Washington DC. Full year management and franchise fee revenue of Marriott International exceeded US-Dollar 1 billion in 2005. Earnings per share totaled US-Dollar 2,89, up 17 percent from 2004.

White Plains. The operating-results of the year 2005 of Starwood Hotels & Resorts were positive. The EPS from continuing operations grew. Incoming from continuing operations was 423 Million US-Dollar, the Company has total net debt of 2,941 billion US-Dollar.

Paris. Accor's consolidated revenue rose by 7.9% to EUR 7,622 million for the year ended December 31, 2005. At constant scope of consolidation and exchange rates, the increase was 4.7%. The Group's overall good performance was led by the Services business, the US Economy Hotels segment, and Economy Hotels. The Upscale and Midscale Hotels segment in Europe remains sluggish.

Hamilton/Bermuda. Hotel earnings both in Europe and North America showed substantial improvement over the prior year's third quarter. Orient-Express Hotels Ltd., owners of 49 deluxe hotel, restaurant, tourist train and river cruise properties in 25 countries, published its results for the third quarter and nine months ended September 30, 2005.

London/Windsor. InterContinental Hotel Group had had a good first half. The actual strategy of the company is successful.

Munich. The major shareholders bring in new capital, the lessees have to accept lease reductions once again and Accor will support all this with a guarantee depending on results. When Dorint's shareholders approved the suggestions by the managing board at the annual general meeting of Dorint AG last Friday, they did it almost resignedly. The new business model now reminds all of the involved parties of their duty. After all, Dorint is deep in the reds for the third year in a row.

Adliswil/Toronto. Of the companies of the Moevenpick group, the hotels and resorts have been in the first half of 2005 the successful ones. Turnover increased by 17.2% to 296.4 million Swiss Francs. Four Seasons also improved its revenues. But all figures could improve even stronger in the second half.

Munich. In exactly one week, on August 19, the Dorint shareholders will gather for their general meeting in Dorint Sofitel Bayerpost in Munich. Two important points are to be authorized: new capital of 5.85 million Euros and the further reduction of Dorint leasing contracts.

Madrid. NH Hoteles has recorded a net profit of Euro 14.34 million in the first half of this year, which points towards an evident improvement in business performance when compared with the flat results recorded in the first quarter of the year. This is the result of a 3.7% increase in hotel revenues and a major cost saving of Euro16.4 million.