“We are delighted to enter Mongolia which is a fascinating destination and the 61st country where Rezidor is present”, commented Kurt Ritter, President & CEO of Rezidor. “Our co-operation will strengthen the business of both our companies, and bring a new clientele to Mongolia”, adds Jan Wigsten of “Nomadic Journeys”, owner of the hotel.

The Radisson Blu hotel, already under construction, is located in the heart of Mongolia’s capital city Ulaanbaatar, 200 metres from Sukhbaatar Square and Peace Avenue. The hotel is adjacent to (and the rooms look down on) the 100-year old Choijin Lama Temple which features the 18th Century gold-covered statue of Buddha Shayaryamuni; the Ministry of Foreign Affairs; the Opera House; and the Museum of Natural History. In addition to the 175 guest rooms, the hotel will feature three restaurants (including a Paulaner micro brewery), a wellness centre and 1,500 square metres of conference and meeting space.
 
Virtually unknown to the outside world prior to the 1990s, Mongolia is emerging as a travel destination. Considered remote and exotic with a rich history, Mongolia has a unique combination of attractions for visitors – annual tourist arrivals have been growing at a compound annual rate of 15%. Its extensive mineral deposits make it a key exporter of commodities helping fuel the rapid economic advancement of neighbouring China, and facilitating the transition from a state-controlled to market-driven economy.

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