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MaMaison Pokrovka Suite Hotel welcomes first guests

MaMaison Pokrovka Suites Hotel, the newest addition to the MaMaison Hotels & Apartments portfolio, opened its doors to guests this week. Mr. Hannu Ahvonen (pictured) from Finland was the first to sign his name in the Pokrovka registration book.

Following the announcement of its official opening, MaMaison Pokrovka Suites Hotel is also delighted to present the newest photos and images from the hotel. You can find them on www.pokrovka-moscow.com/photogallery

The new hotel is one of the most eagerly awaited in the Russian capital for the last number of years, is now preparing for its celebratory Grand Opening in September 25th 2007.

Notes for editors:

MaMaison Hotels & Apartments is a brand of ORCO Property Group, operating all hospitality products. These products are the most luxurious of their kind and excel in design originality and high levels of service. Some MaMaison Hotels & Apartments properties belong to the very prestigious group, Small Luxury Hotels of the World, Hotels & Preference and Warwick International Hotels. MaMaison Hotels & Apartments is a new brand, established by the union of two hospitality divisions, MaMaison Residences and ORCO Hotels Collection. This brand currently operates the following properties in Central Europe:

Prague (Czech Republic):

- MaMaison Pachtuv Palace (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 (www.leregina.com)

- MaMaison Residence Diana (www.residencediana.com)

Bielsko-Biala (Poland)

- MaMaison Parkhotel Vienna (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). NOW OPEN!

Orco Property Group is a leading investor, developer and asset manager in the Central European real estate and hospitality market, currently managing assets of 1.31 billion EUR, as valued at 31/12/2006. Operating in Central Europe since 1991, Orco is a public company listed on the Euronext in Paris and on the 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, 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 analyzing investment into new territories.

Orco Property Group is also sponsor and manager of the Endurance Real Estate Fund for Central Europe, a Luxembourg–regulated, closed–end and umbrella fund with several sub-funds focused on real estate acquisitions on office and retail, residential and hospitality markets. The total subscribed capital of the first Office sub-fund represents EUR 150 million and it currently manages assets of approx. EUR 240 million. Estimated total value of the Fund’s portfolio after investment of full subscribed capital is app.

EUR 500 million. The Endurance Fund is dedicated to institutional investors and focuses on acquisitions in Central European real estate markets. The second Residential sub-fund started its activities in October 2006. Its current subscribed capital amounts to EUR 100 million, the target being EUR 150-200 million. Hospitality sub-fund and Office A-class sub-fund are currently starting the subscriptions. For further information, please visit 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: +420 257 532 030