PRESS RELEASE – JOINT STATEMENT

Paga Hill Estate Special Economic Zone (SEZ) and The Radisson Hotel Group

Paga Hill Estate Special Economic Zone and the Radisson Hotel Group are pleased to announce a partnership to deliver an international Radisson Blu branded hotel on Paga Hill.

Detailed designs have been prepared for a sprawling hotel precinct atop Paga Hill. In a landmark development that will re-establish Paga Hill’s former profile, the hotel precinct will feature a boutique hotel with 229 keys, as well as 20 luxury villas that access premium hotel amenities of infinity pools, restaurants and bars, executive lounge, gym and health spa. The development will also feature boutique retail outlets, a number of long-stay and permanent residential apartments, as well as Port Moresby’s largest conference and event facilities, leveraging spectacular panoramic views over the harbour and out to sea.

Artistic impression of Radisson Blu hotel atop Paga Hill, including signature bar in restored WWII bunker

Radisson Hotels are one of the largest and fastest growing global hotel groups, with a strong reputation and distribution across key source markets in China, India, the United States and Europe. In a move that befits the proposed development, Radisson is pleased confirm its intent to operate the ‘Radisson Blu’ brand at the site. Radisson Blu is the largest upper upscale brand in Europe that delivers exceptional customer service to its business and leisure guests across the globe. Paying close attention to small details that make a big difference, Radisson Blu inspires memorable experiences with every stay.

Paga Hill Estate remains the nation’s lighthouse Special Economic Zone. The largest and most comprehensively planned property development in the nation’s history, with full planning permission for over 500,000m2 of developed area, its approved master plan incorporates residential, commercial, hospitality and key tourism infrastructure that will together transform the face of the nation’s capital. Designated a Special Economic Zone for its enormous potential, it stands to establish a more diversified and robust local economy based on tourism.

Radisson is a strong believer in both Papua New Guinea and its untapped tourism potential. Leveraging PNG’s strong economic outlook on the back of major resource and development projects, Radisson looks forward to a Radisson Blu at Paga Hill playing a central role in a PNG tourism resurgence.

Artistic impressions of Radisson Blu hotel atop Paga Hill, including infinity pools at right

Approve for release by

Paga Hill Development Company

Mr Peter Barge – Chairman
Mr Gudmundur Fridriksson – Managing Director
Mr George Hallit – Chief Operating Officer

The Radisson Hotel Group

Mr Lachlan Hoswell – Managing Director, Business Unit Australasia
Ms Josie Hungerford – Associated Director, Development, Australasia

Quotes

Mr Gudmundur Fridriksson
Managing Director, Paga Hill Development Company

Paga Hill Estate is proud to announce this major milestone. The planned hotel development will be a step above PNG’s current offering, providing superior facilities and services to both short and long-term staying guests. Radisson Blu’s commitment represents a major coup for PNG, and the hotel is set to be a crowning jewel of PNG’s tourism infrastructure for long into the future.

Mr Lachlan Hoswell
Managing Director, Business Unit Australasia
The Radisson Hotel Group

We are excited to be bringing our Radisson Blu brand to PNG on Paga Hill. It is an amazing location. The future of PNG is very positive with material projects underway and we see it as the perfect time for the launch of this hotel with increased corporate and leisure demand.