SCOTTSDALE, DALLAS and LONDON (March 10, 2010) – Park Plaza Hotels has signed a two-year agreement with Pegasus Solutions for the company’s agent-preferred Global Commission Processing Services. The dynamic hotel group, which operates most of its 35 hotels in Europe under the Park Plaza Hotels & Resorts and art’otel brands, chose a long-term renewal of its current relationship with Pegasus, attributing repeat travel agent booking success as a result of regular, reliable and timely commission payments by Pegasus.

Based in Amsterdam, Park Plaza Hotels is currently expanding its portfolio with two new hotels on the verge of opening their doors. The unique Park Plaza Westminster Bridge London is one of Europe’s largest hotel developments and offers 1,021-spacious guestrooms, while the art’otel cologne, by Park Plaza, is a lifestyle hotel on the banks of the river Rhine. Both new openings will also utilize Pegasus Global Commission Processing.

“One of the key benefits we realize working with Pegasus is the company’s ability to globally deliver agents’ payments in their preferred currency, regardless of where they book with Park Plaza Hotels,” said Edwin Wijgergangs, Vice President of Sales and Distribution with Park Plaza Hotels. “This, accompanied with the reliability of regular payments, makes agents want to book with us time and time again, which is key to our international growth strategy.”

Pegasus Global Commission Processing through Park Plaza Hotels offers agents bi-weekly commission payments via check or direct deposit in any of 37 currencies. As the preferred commission payment provider for more than 600,000 travel agencies worldwide, Pegasus processes more than $500 million in commissions annually, serving more than 35,000 properties, as well as the majority of travel distributors in more than 200 countries.

“We’re delighted to continue our relationship with Park Plaza Hotels for Global Commission Processing Services, because it confirms our value proposition that agents gravitate to hotels that pay them in a timely, problem-free fashion,” added Ric Leutwyler, chief operating officer of Pegasus Solutions. “Park Plaza Hotels expects we’ll keep agents happy when it comes to commission payments, which is critical to their growth as they undertake an impressive expansion in this economic environment. We look forward to continuing to help fuel Park Plaza Hotels’ business growth for the next two years and beyond.”

About Park Plaza Hotels

Park Plaza Hotels Limited is owner, operator and franchisor of hotels in Europe, the Middle East and Africa. The majority of the group’s hotels operate under the Park Plaza Hotels & Resorts brand (part of Carlson Hotels Worldwide), over which the Group has exclusive rights in 56 countries in EMEA, or art’otel, a brand which the company fully owns. Park Plaza Hotels also manages the luxury all-suite Plaza on the River – Club and Residence, London.

Through it strategic partnership with Carlson, one of the world’s largest travel and hospitality companies, Park Plaza Hotels has access to Carlson’s powerful reservation and distribution system, airline partnerships with 21 airlines, loyalty programmes such as goldpointsplusSM for guests and Look To Book® for travel agents and cross-selling opportunities.

There are currently over 35 hotels and aparthotels and nearly 7,000 rooms in the Group’s portfolio. By the end of 2012, the Group’s committed projects and territorial franchise agreements are expected to increase the number of rooms to over 13,000.

Projects under development include art’otel cologne (2010), Park Plaza Westminster Bridge London (2010), Park Plaza Marrakech (2010), art’otel marrakech (2010), Park Plaza Nuremberg (2011), art’otel amsterdam (2011) and art’otel london hoxton (2012).

Park Plaza Hotels’ shares are admitted for trading on London’s AIM Stock Market.

www.parkplazahotels.net