Rezidor Hotel Group signs Lithuanian property

Radisson Hotel Group subsidiary Rezidor Hotel Group has signed a deal to open the Park Inn by Radisson Vilnius Airport Hotel & Business Center.

The Park Inn by Radisson Vilnius Airport Hotel, which is next to the Vilnius International Airport, is in the VNO Business and Retail Park near the city center. The 120-room hotel, which is slated to open in 2020, will not only be Rezidor's sixth hotel in operation and in Lithuania's pipeline, but also the company's fourth in the capital city. The group will manage and operate the new Park Inn along with the other two existing Radisson Blu hotels in the city.

Rezidor also plans to add a Radisson Red to the city's inventory. Rezidor signed the new Radisson Red in October 2016. The 200-room hotel, which will be the first of the brand in the Baltics, Russia & CIS region, will be next to the existing Radisson Blu Lietuva hotel and near the Old Town once it is completed in 2020. Lords LB Asset Management is developing the property while architect Daniel Libeskind is designing it. This upcoming hotel is part of Rezidor's plan to operate 60 Radisson Reds globally by 2020. 

Now, Radisson Hotel Group's portfolio in the entire Baltic States has grown to include 18 hotels with more than 4,100 guestrooms. In September 2017, Radisson signed the first Radisson Red in Riga, Latvia—another Baltic State—in partnership with the Astor Group. The 220-room hotel is also expected to open in 2020 in the city center.