Tags: US | Radisson | Expansion

Radisson Getting Facelift, $1.5 Billion U.S. Infusion

Wednesday, 03 Mar 2010 03:04 PM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink

The owner of the Radisson chain is launching a $1.5 billion rebranding and expansion to make its hotels more luxurious in markets where it now lags and increase the number of hotels it operates by 50 percent.

Carlson Hotels Worldwide is announcing the plan Wednesday even as its industry continues to struggle with plunging revenue and mounting debt. About 15 percent of hotels nationwide are behind on payments, according to one measure.

Carlson said it will open five "flagship" hotels in major U.S. cities and spend hundreds of millions of dollars upgrading and renovating existing hotels.

The Minneapolis company will add 500 hotels worldwide over 5 years, a mix of Radissons, Country Inns & Suites, Regent Hotels and Park Inns.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

NY Gov. Cuomo Signs Law to Rig Electoral College

Wednesday, 16 Apr 2014 22:54 PM

The campaign to effectively end the Electoral College's role in presidential elections has received an additional boost  . . .

Obama: Further Sanctions Against Russia Possible

Wednesday, 16 Apr 2014 22:17 PM

President Barack Obama said Wednesday that Russia can expect further sanctions if it steps up support for separatists in . . .

Government Causes Generic Drug Shortage, Critics Say

Wednesday, 16 Apr 2014 16:49 PM

A proposed Food and Drug Administration rule on product labeling will exacerbate shortages of generic drugs already resu . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved