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MaMaison Hotels & Apartments honoured with quadruple award

MaMaison Riverside Hotel, Prague

Today, MaMaison Hotels & Apartments announces that its MaMaison Riverside Hotel, Prague, has been honoured with three individual awards in the 2008 TripAdvisor’s Travelers’ Choice Award. MaMaison Riverside Hotel was awarded 3rd place in the category ‘Best Service in Europe’, and made the final selection for ‘Best Luxury Hotels’ both globally and in Europe.

The winners of TripAdvisors Travelers’ Choice Award were determined by a combination of the highest traveler ratings and the TripAdvisor Popularity Index, a measurement of overall traveler satisfaction. TripAdvisor’s hotel awards represent the unbiased opinions of millions of real travelers.

MaMaison Andrassy Hotel, Budapest

MaMaison Andrassy Hotel, Budapest was also chosen as a Best Value by Budget Travel Magazine in its first-ever Best Values list, powered by TripAdvisor. Featured on the cover of the magazine’s February issue, the list showcases the top hotels around the world with the best value, earning their distinction from those who know them best – real travelers.

“The awards were created to spotlight the hotels that give travelers what they really want: A reliably satisfying experience at a reasonable price,” said Erik Torkells, editor, Budget Travel Magazine. “We were thrilled to partner with TripAdvisor for our first-ever hotel awards program, to draw from their vast and reputable data to develop the list and feature traveler testimonials from their site for the winning hotels.”

“It is highly encouraging to see that we have raised our ranking from last year, and added new awards,” comments JJ Doran, MaMaison Hotels & Apartments Sales and Marketing Director. “In 2007, MaMaison Riverside Hotel was awarded 4th place in the ‘Best Service in Europe’ category. This year we have gone one better. I am also delighted to see that our MaMaison Andrassy Hotel in Budapest has been honoured. What is great about these awards is that they are chosen by real people, unbiased guests who have actually experienced the hotels they are voting for. That is what makes these awards so special for us, and what will make us try even harder to improve our rankings next year. I must extend my thanks to all staff members at both MaMaison Riverside Hotel and MaMaison Andrassy Avenue. Without their dedication and support, none of these awards would have been possible.”

About TripAdvisor Media Network

TripAdvisor® Media Network, operated by TripAdvisor, LLC, attracts nearly 30 million monthly visitors (source: comScore Media Metrix, Digital Calculator Report, July 2007) across eight popular travel brands, TripAdvisor® sites, bookingbuddy.com ™, cruisecritic.com™, independenttraveler.com™, seatguru.com®, smartertravel.com™, travel-library.com™ and travelpod.com™. TripAdvisor-branded sites make up the largest travel community in the world, with more than 25 million monthly visitors, five million registered members and 10 million reviews and opinions. Featuring real advice from real travelers, TripAdvisor-branded sites cover 280,000+ hotels and attractions and operate in the U.S., the U.K., Ireland, France, Germany, Italy and Spain.

ENDS

Notes for editors:

MaMaison Hotels & Apartments is a wholly-owned division of Orco Property Group, operating leading hotels and apartments throughout New Europe. These properties, acclaimed as amongst the best in class in each of MaMaison’s operating cities, highlight design, originality, and historic preservation. Some of MaMaison’s properties have been accepted into the highly-prestigious collections of Small Luxury Hotels of the World, Hotels & Preference and Warwick International Hotels. The MaMaison brand currently operates the following properties in Central Europe:

Prague (Czech Republic):

- MaMaison Pachtuv Palace Hotel (www.pachtuvpalace.com)

- MaMaison Riverside Hotel (www.riversideprague.com)

- MaMaison Residence Belgicka (www.residence-belgicka.com )

Ostrava (Czech Republic):

- MaMaison Imperial Hotel (www.imperial.cz)

Bratislava (Slovakia):

- MaMaison Residence Sulekova (www.residence-sulekova.com)

Warsaw (Poland):

- MaMasion Le Regina Hotel (www.leregina.com)

- MaMaison Residence Diana (www.residencediana.com)

Katowice Bielsko-Biala (Poland)

- MaMaison Parkhotel Vienna Hotel (www.vienna.pl)

Budapest (Hungary):

- MaMaison Andrassy Hotel (www.andrassyhotel.com)

- MaMaison Residence Izabella (www.residence-izabella.com)

Moscow (Russia):

- MaMaison Pokrovka Suite Hotel (www.pokrovka-moscow.com)

Orco Property Group is a leading investor, developer and asset manager in the Central European real estate and hospitality market, currently managing assets of approximately EUR 2,5 billion, as estimated on 30.6.2007. Operating in Central Europe since 1991, Orco Property Group is a public company, based in Luxembourg, and listed on the Euronext, Prague, Warsaw and Budapest Stock Exchanges. Orco Property Group’s portfolio includes, IPB Real, MaMaison Hotels & Apartments, Viterra Development, Gewerbesiedlungs-Gesellschaft mbH (GSG), Orco Real Estate, Orco MOLCOM and other retail properties. Orco Property Group operates in a number of countries including, mainly, the Czech Republic, Hungary, Poland, Russia, Croatia, Germany and Slovakia. Orco Property Group is continually analysing investment into new territories.

Orco Property Group is also sponsor and manager of The Endurance Real Estate Fund, a Luxembourg–regulated, closed–end and umbrella fund with six sub-funds focused on real estate acquisitions on office and retail, office, residential and hospitality markets.

More information on: www.orcogroup.com

For further information, please, contact Best Communications Group:

CZ Darina Miklovicova, darina.miklovicova@bestcg.com, Tel: +420 257 532 030

ENG Brendan Donnellan, brendan.donnellan@bestcg.com Tel: +420 602 221 661