NH Hoteles has opened its first hotel in Burgos. The hotel, located in a district rich in architectural landmarks, on the banks of the River Arlanzón, has a special appeal. It occupies an emblematic building dating from the sixteenth and seventeenth century, with many of its rooms overlooking the splendid Burgos Cathedral facing the hotel. The magnificent sixteenth century cloister in the hotel's interior has an impressive iron and glass pyramid-shaped dome.

The adjacent fifteenth century church belonging to the Jesuit order gives the hotel a special charm. The hotel's renovation, lasting more than three years, has succeeded in maintaining all the original period architecture and ornamentation.

The 110 rooms of this new hotel offer its guests all the amenities and services to ensure their comforts, including: direct-dial telephone, separate modem telephone line, television, satellite dish TV, pay-per-view movies, a choice of different sized pillows, hairdryer, room service, complementary toiletry kit and air conditioning. The hotel also has a restaurant, gymnasium, sauna and 9 meeting rooms.

The chain will run this hotel under a co-ownership regime, in a 50-50% joint venture with the Arranz Acinas Group. The total investment, including furnishings and equipment, has totalled EUR 18 Mn.

This new hotel is part of the "Gold Collection", unique hotels in ancient palaces or landmark buildings that combine history and innovation and are specially designed to cater to the needs of professionals and the business community as well as of weekend travellers.

With this new establishment, NH now has 184 in operations in Spain with more than 25,000 rooms, including 7 "Gold Collection" establishments with 731 rooms. In addition, the chain plans to open two new "Gold Collection" hotels this year; the NH Palacio de Godoy in Aranjuez (Madrid) and the NH Palacio in Santurce (Vizcaya).

About NH Hoteles

The NH Hoteles Group (www.nh-hoteles.com) following the merger in July 2000 with the Dutch chain, Krasnapolsky, is the third ranking European business hotel chain. NH operates 182 hotels with more than 26,000 rooms in 17 Europe, Latin America and Africa. The hotel also has 25 new hotel projects in the pipeline, representing more than 3,300 new rooms. NH Hoteles offer outstanding quality services and facilities, with a carefully considered décor to please all tastes, uniform and a place where guests may feel very comfortable. It offers the most state-of-the-art technology for guests' communication, work and leisure needs. Restaurant services are one of the chain's top priorities, offering its guests the best in cuisine.

In 2000, NH Group Hoteles posted 142% EBITDA growth thanks to a 103.4% increase in sales, totalling Pts 91,596 Mn (€550.5 Mn). Net profit climbed 41% to more than €90 Mn. NH Group shares trades in the Madrid (included in the selective IBEX 35) and Amsterdam's Euronext stock exchanges. Moreover, NH Hoteles is included in the Stoxx Europe 600 index, which includes the leading European companies, and in the Morgan Stanley index, which includes the leading companies in global stock markets.

Communication Department NH Hoteles
+ 34 91 451 97 62
NH Hotel Group