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Hospitality Group, LLC to Purchase the Radisson Hotel in Marlborough, Massachusetts |
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PITTSBURGH - Aug. 2, 2005 -- FFC Capital Corporation announced that it has entered into a joint venture with Waterford Hospitality Group, LLC to purchase the Radisson Hotel in Marlborough, Massachusetts. The newly formed partnership, FFC/Waterford Marlboro Holding, LLC, which is owned 90% by FFC Capital Corporation and 10% by Waterford Hospitality Group, LLC, took ownership of the hotel on August 1. Waterford Hotel Group, Inc., an affiliate of Waterford Hospitality Group, has been appointed as manager of the Radisson property. The new ownership has also announced plans for a comprehensive renovation of the property. The transformation will include extensive upgrades to all areas of the building. "We have enjoyed a long-standing relationship with Waterford and we look forward to another successful venture. The Radisson Marlborough has great potential and it is our intent to introduce another first-class facility to the community," stated Fred Branovan, Chief Operating Officer and Executive Vice President for FFC Capital Corporation. The 206-room Radisson located in Marlborough, Massachusetts is in the heart of New England's high-tech corridor. The hotel features a restaurant, lounge, heated indoor swimming pool, fitness center, and more than 7,000 square feet of flexible meeting and banquet space. The spacious rooms and suites at the Radisson Marlborough feature such welcome amenities as high-speed internet access, executive desks, dataports, pay-per-view movies, coffeemakers, hairdryers and irons/ironing boards. Business Class rooms offer complimentary full breakfast, nightly turndown service and other premium amenities. The hotel is convenient to the many corporate offices of the Marlborough area as well as the major sightseeing attractions of central New England. Points of interest near the Radisson Marlborough include Old Sturbridge Village, Worcester Art Museum, Fruitlands and Wrentham Village Premium Outlets. FFC Capital Corporation
Waterford Hotel Group
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Contact:
FFC Capital Corporation
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