Financial Results

Madrid. Net consolidated earnings of the NH Hoteles Group grew in 2007 to 77.4 million Euro, 24 percent up on 2006. This was due to a 38 percent increase in revenues to 1,505 billion Euro. The company's EBITDA improved to 283 million Euro, a 50 percent increase on 2006. Geographically the location of the hotels is mixed well. Only one third of the hotels are located in Spain and Portugal. During the following months the group intends to open more hotels in Central and Eastern Europe.

Berlin. Design Hotels AG based in Berlin increased its revenues for 2007 increased by approximately 19 percent to 7.88m Euro. The consortium counts 174 hotels with 13,256 rooms today, spread over 101 destinations in 43 countries.

Brussels. The Rezidor Hotel Group has published its Financial Report 2007 presenting a strong year: "We are able to report a record profit and a record number of new hotels signed", says Kurt Ritter, President & CEO of Rezidor.

Munich. Already at NewGen Hotels' last general meeting in July 2007, the question hovered in the air as to when principal shareholder Accor S.A would finally squeeze out remaining shareholders. And now we know. NewGen has called and extraordinary general meeting for 10th March.

London. InterContinental Hotels Group reports a successful year 2007 with strong growth in the Asia-Pacific region. In the Americas RevPar increased with rate generating all of the increase.

White Plains. Starwood Hotels & Resorts Worldwide reported  a decrease of EPS from continuing operations in the fourth quarter and for the whole year 2007. Hotel results were strong but were offset by declines in the company's vacation ownership and residential business as well as by a loss of earnings from hotels sold during the past year and higher tax rates.

Paris. In 2007, Accor achieved 8.1 billion Euro revenue, reflecting an increase of 6.8 percent compared to the previous year. The development strategy of the group added additional 7.9% to the revenue in 2007. Following the divestment strategy in the hotel business and the further sale von non strategic assets, the group saw a decline in revenues by 6.5%. Currency effects made the annual revenue slow down again by 1.1 percent.

Frankfurt/M. Sun International achieved strong growth in revenues, which were 17% ahead of last year at R6,9 billion. EBITDA was 27% up on last year. The leading luxury hotel operator in South Africa continues its success.

Bad Ragaz. Grand Hotels Bad Ragaz AG experienced an upswing in the first half of 2007. With a plus of 7.8%, the consolidated turnover could be increased to 48.8 million CHF. While the resort and casino divisions experienced an increase, the public Tamina Therme thermal bath recorded a slight decrease in turnover.

Interlaken. Since January this year, the Victoria-Jungfrau Collection has grown to four hotels. The group has shown improved occupancy for the first half of 2007 and gross operating income has increased beyond all expectations by 6.8 million CHF. At 6.5 million CHF, EBITDA was 1.9 million CHF greater than it was the year before.