Hotel Online  .Special Report


Neptune Hospitality Advisors to 'Market for Sale'
the Radisson Riverfront and the Radisson City
Center Hotels in Saint Paul
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SAN DIEGO, California, June 1, 2005. Neptune Hospitality Advisors, Inc. has been appointed to market for sale the 475-room Radisson Riverfront Hotel and the 250-room Radisson City Center Hotel located in downtown Saint Paul, the state capitol of Minnesota. The properties are available on a fee-simple basis. The hotels offer significant opportunity for re-branding.

The Radisson Riverfront has benefited from more than $9.5 million in renovations in recent years and has also benefited from the addition of the 10,094 square foot Great River Ballroom. The hotel offers three food and beverage options, plus 55,000 square feet of flexible meeting space that includes the two largest ballrooms in the city. The Radisson City Center offers two food and beverage options and 8,000 square feet of flexible meeting space. The hotels benefit from their location in the central business district of Saint Paul and their proximity to the many corporate, group and leisure destinations in the area. The Radisson Riverfront sits on the banks of the Mississippi River and benefits from its proximate location to the 900,000 square foot Saint Paul RiverCentre Convention Center, the State Capitol building and many corporations. The Radisson City Center is attached to the Towne Center complex and is adjacent to the Wells Fargo World Trade Center in downtown Saint Paul. Both hotels are connected to the city’s Skyway system, proximate to the Minneapolis St. Paul International Airport and a short drive to downtown Minneapolis.

Neptune Hospitality Advisors is an international real estate firm dedicated to the hotel industry that specializes in investment sales and capital advisory services. As a boutique, client-focused firm, Neptune provides a principal-to-principal focus and sophisticated approach to providing investment sales and financing services to the hospitality industry.

For more information, contact Michael Armstrong at (858) 964-5678 or email mike@neptuneha.com or view the company website at www.neptuneha.com.

Contact

Neptune Hospitality Advisors, Inc.
The Aventine Building
8910 University Center Lane
Suite 500
San Diego, CA  92122
P. (858) 964-5678
F. (858) 964-5679
www.neptuneha.com
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Also See: Neptune Hospitality Advisors Arranges $37 million Financing for Creative Hotel Associates Portfolio Recapitalization  / March 2005
Neptune Hospitality Advisors Arranges Financing for Purchase of Austin, Texas Hotel / November 2004
Neptune Hospitality Advisors Arranges Sale of Albuquerque Hotel / October 2004
Neptune Hospitality Advisors Arranges Financing for Purchase of Tampa-area Hotel / October 2004
Neptune Hospitality Advisors Arranges Refinancing of Unizan Plaza Office Building in Downtown Canton, Ohio / September 2004
Neptune Hospitality Advisors Arranges Financing for Purchase of Palm Springs Area Hotel / September 2004
Neptune Hospitality Advisors Arranges Acquisition Financing of Nashville Hotel / June 2004
Neptune Hospitality Advisors Represents Purchaser and Arranges Acquisition and Renovation Financing of Albuquerque Hotel / March 2004


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