Rezidor likely to open two budget Park Inn hotels

The company would become a serious rival for the budget brands of Orbis and Polskie Porty Lotnicze. "The tourism sector is expanding very rapidly, and we want to make use of it," said Michael Schutzbach, general director at Radisson SAS Polska, part of Rezidor SAS portfolio. Over the next two years the company plans to build budget hotels in Warsaw and Kraków. In 2004 the Rezidor SAS Hospitality group earned EUR 3.85 million in Poland. This year Radisson SAS Polska wants to generate a net profit of nearly EUR 20 million. The company also plans to expand the chain of its four and five-star hotels across the country. (Parkiet, p. 7) A.F.