on Edinburgh’s Royal Mile
|Brussels, November 2003…Radisson SAS Hotels & Resorts, the four-star
brand of Rezidor SAS Hospitality, announces the immediate takeover of the
Crowne Plaza Hotel in Edinburgh, Scotland. The hotel, which will
cater primarily to the corporate traveler, will immediately undergo a complete
renovation with a total value of 4.5 M£ (approx. $7.5 million U.S.).
Kurt Ritter, president and CEO of Rezidor SAS Hospitality, said, “I am absolutely delighted to secure such a prestigious property in Edinburgh. We have been looking for a site in the city for some time now and this location on the Royal Mile surpasses all my expectations. It is also significant in building our UK portfolio, bringing the total number of Radisson SAS hotels to 11 open or under development, covering most major cities.”
The agreement was brokered on behalf of private purchasers and Rezidor SAS by WJB Mondiale Asset Managers. Jones Lang La Salle Hotels acted on behalf of the private vendors.
Radisson SAS Hotels & Resorts, part of Rezidor SAS Hospitality, currently operates 128 hotels in 36 countries in Europe, the Middle East and Africa, with another 30 projects under development.
Rezidor SAS Hospitality
Phone: 212-219-7560, ext. 204
|Also See:||The $86 million Radisson SAS Hotel in Cologne, Germany Opens; Architecturally Significant Hotel Owned Primarily By Infra Immobilien GmbH Wuppertal / Feb 2003|
|Olivier Jacquin Appointed Senior Vice President of Sales, Rezidor SAS Hospitality / Sept 2003|
|Radisson SAS in St. Petersburg, Russia 'Deal of the Year' / April 2002|