Reval Hotels to Open New Hotel in Riga Latvia in Spring 2008

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Reval Hotels is expanding its operations and is set to open a new hotel in Riga Latvia in spring 2008. The new Riga hotel, the Reval Hotel Elizabete will strengthen the position of Reval Hotels as the leading hotel chain in Latvia.

Reval Hotels is expanding its operations and is set to open a new hotel in Riga Latvia in spring 2008. The new Riga hotel, the Reval Hotel Elizabete will strengthen the position of Reval Hotels as the leading hotel chain in Latvia.

Reval Hotel Elizabete, Riga, Latvia will open early April 2008 and is a new, contemporary hotel perfectly placed in the heart of Riga's shopping and business centre, opposite Vermanes Park on Elizabetes Street and just a five-minute walk to the boutique shops, restaurants and exciting nightlife of Riga's Old Town. The property will have 228 spacious, comfortable and bright rooms featuring a stylish design. The hotel also boasts a restaurant offering informal cuisine, a lobby bar, several meeting rooms, a fitness centre and underground car parking. The total investment in this new Latvian hotel amounts to EUR 30 million.

Reval Hotels operates two other hotels in Riga, Latvia: Reval Hotel Ridzene and Reval Hotel Latvija

In addition to this new hotel in Riga, Reval Hotels will open a new hotel in Kaunas, Vilnius; also during Spring 2008, taking the number of Reval Hotels in the region to 11.

The Reval hotel group is the leading hotel chain in the Baltic countries, operating six full-service, first-class - Reval Hotels - located in the Baltic Capitals: three in Tallinn, Estonia, two in Riga, Latvia and one in Vilnius, Lithuania. In addition, the group also offers a second brand - the Reval Inn - which is an economy class hotel chain with three hotels in Tallinn, Estonia, and Vilnius and Klaipeda, Lithuania.

Reval Hotels and Reval Inn are owned by the Norwegian real estate investment company Linstow AS, owned by the Anders Wilhelmsen Group, major shareholder of the world's second largest cruise shipping company Royal Caribbean Cruise Lines.

For more information about Reval Hotels and Reval Inn please visit the website at http://www.revalhotels.com and http://www.revalinn.com

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