Heikki Vanhanen becomes new CEO

The Reval hotel group has appointed Heikki Vanhanen as new CEO. Mr. Vanhanen, who has been acting as Country Manager Latvia since 2003 and as General Manager of the Reval Hotel Latvija in Riga since 2000, will commence his new position as of 1st of April 2007. He succeeds Karl Otto Skogland.

Mr. Vanhanen previously worked as General Manager for Scandic Hotel Marski in Helsinki, Finland from 1993-2000. Prior to that time, he was General Manager for several hotels from the Restel Hotel Group in both Turku and Tampere, Finland. Mr. Vanhanen has participated in Cornell University’s General Manager’s Programme. He also spent one year on a management exchange programme in the United States.

In addition, on 1st of January 2007 the Reval hotel group appointed Carl Kjellberg as new Vice President of Sales and Marketing. Mr. Kjellberg was previously General Manager for several hotels from the Radisson SAS hotel chain in Sweden, Norway and Latvia. He succeeds Helina Tuvike, who will stay with the Reval hotel group as Director of E-Commerce and Revenue Management.

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 Wilhemsen Group, major shareholder of the world’s second largest cruise shipping company Royal Caribbean Cruise Lines.

For more information about Reval Hotels, please go to www.revalhotels.com and for Reval Inn, please go to www.revalinn.com.

For further information:

Mr. Heikki Vanhanen
CEO

+ 371 7772277

Mr. Carl Kjellberg
Vice President of Sales and Marketing

+372 5206109