NH Hotels Converts Madrid Mansion Into 5-star Hotel

MADRID, November 30, 2010 - NH Hotels has converted an impressive nineteenth century mansion
in the arts district of Madrid as part of ambitious renovation plans.

The careful renovation has managed to recover the building which
was originally built in 1808 by Jorge Durán, and which was designed in part
by Juan de Villanueva, who designed the Prado Museum.

The new NH Palacio de Tepa, is a luxury five-star hotel located
in a privileged position on the calle de San Sebastián with access to the
calle Atocha and the Plaza del Ángel, and is surrounded by the active
bohemian atmosphere of the Arts District with its galleries, boutiques,
cafés, jazz bars and taverns, and the hustle and bustle of the calle Huertas.

The new NH Palacio de Tepa has 84 rooms which have been decorated
by the architecture and design studio of Ramón Esteve in easy greys and
beiges to play with the ever-present light which flows in through the large
windows and skylights especially throughout the penthouse rooms.

Different interior decoration options are available across the
hotel room types, with the rooms on the fifth floor providing a particularly
welcoming atmosphere with their mansard roofs and minimalist decoration.

In addition to the Premium rooms on the two corners of the second
floor of the building, many of the rooms are duplex suites and all the rooms
have views of the streets and squares of the district, which have also been
renovated recently.

Lighting is the main feature of the hotel which has been
carefully renovated respecting the original domes of the building and its
typical balconies. Two whitewashed interior patios, renovated in accordance
with their former use as "corrala" yards, allow light to come in through the
interior corridors of the hotel.

The hotel also offers several premium services including a butler
service, pampering menu, a 'VIP desk' and private transfer.

About NH Hotels (www.nh-hotels.com/)

NH Hotels is the third largest business hotel chain in Europe. NH
Hotels has 394 hotels with 58,982 rooms in 25 countries in America, Africa
and Europe, including hotels in Barcelona (
www.nh-hotels.com/nh/en/hotels/spain/barcelona.html), hotels in Milan
(www.nh-hotels.com/nh/en/hotels/italy/milan.html), hotels in Vienna
(www.nh-hotels.com/nh/en/categories/vienna-airport-hotels-vienna-airport-hotel.html)
and Valencia hotels (
www.nh-hotels.com/nh/en/categories/vienna-airport-hotels-vienna-airport-hotel.html).
NH Hotels now has 35 projects for new hotels under
construction, which will provide a further 6,000 rooms.

A key feature of NH Hotels is the desire of its employees to
ensure guests satisfaction through the quality of service and constant
innovations. NH Hotels' properties offer state-of-the-art technology to help
customers work, communicate and be entertained.

The restaurant facilities offer customers top-quality food with
famous restaurateurs such as Ferrán Adrià and Paco Roncero creating
pioneering spaces, such as "nhube", "Fast Good" and "Estado Puro" to combine
restaurants, leisure and innovation for hotel guests.

As a responsible company and industry leader, NH Hotels offers
hotel services which anticipate the needs of all stakeholders: employees,
customers, suppliers, shareholders, society and the environment, taking great
care with every detail and providing efficient, sustainable solutions. NH
Hotels is listed on the Madrid Stock Exchange.

    For further media information, please contact:
    Ana Bermejillo
    PR and Communication Advisor
    Santa Engracia
    120 Edificio Central
    Madrid
    Spain
    +34914519762

www.nh-Hotels.com

For further media information, please contact: Ana Bermejillo, PR and Communication Advisor, Santa Engracia, 120 Edificio Central, Madrid, Spain, +34914519762