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Posts Tagged ‘Radisson hotels’

Carlson Opens Radisson Blu Hotel in Liuzhou, China

Wednesday, November 9th, 2011
Radisson Blu Hotel Liuzhou

Carlson has opened the 260-room Radisson Blu Hotel Liuzhou.

With the addition of this property, Carlson now has 11 hotels in China with over 3,500 rooms. Radisson Blu Hotel Liuzhou will be the company’s seventh Radisson Blu hotel in China.

Radisson Blu Hotel Liuzhou is located in Liuzhou’s central business district, just minutes away from the railway station and a 20-minute drive from Liuzhou Airport. The hotel lies 90 minutes from the Guxiang hot spring and just over two hours from Yangshuo.

“Our Asia Pacific growth strategy is focused on emerging economies and China is a key market for Carlson,” said Simon C. Barlow, president, Carlson Hotels, Asia Pacific. “The opening of Radisson Blu Hotel Liuzhou brings us one step closer to doubling our Asia Pacific portfolio from 72 to 150 hotels by 2015. We are delighted with the debut of the Radisson Blu in Liuzhou, the second largest city in the Guangxi … Read the rest

Summer Rental Company Offers Tips for a Perfect Florida Vacation

Wednesday, June 29th, 2011
Radisson Hotel Orlando - International Drive

If you are looking for great Orlando hotels near Disney World, then you need to look no further than the Radisson Hotel Orlando - International Drive. The bedding is something that the Radisson Hotel Corporation takes a lot of pride in, and more than 75% of the rooms come complete with the sleep number beds.

With the harsh winter months long gone, many families are now looking forward to sharing a memorable vacation, and Florida rental companies want to help you plan that perfect trip. With the children out of school and beautiful weather outside, many people find the warm summer months the perfect time to travel. This may mean that ideal vacation rentals are scarce and plane tickets will be expensive.

The perfect way to ensure that you snap up that gorgeous rental property is to look at Orlando vacation hotels. Orlando offers plenty of luxury hotels to choose from that are … Read the rest

DiamondRock Agrees to Acquire 712-Room Hotel Lexington in Midtown New York

Friday, May 20th, 2011
The Lexington

DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it has entered into a purchase and sale agreement to acquire the 712-room Radisson Lexington Hotel New York (the "Hotel") for a contractual purchase price of $335 million. The contractual purchase price represents a 13.5 times multiple of 2012 forecasted EBITDA of $24.8 million and a 6.7% capitalization rate on forecasted 2012 net operating income. During the Company's anticipated 2011 period of ownership, the Hotel is expected to earn approximately $15.8 million in EBITDA.

"We are excited to acquire this significant full service hotel located in Midtown New York at a material discount to replacement cost. The Hotel's forecasted 2011 RevPAR is $198, which is 70% above our portfolio average and it is expected to generate Hotel Adjusted EBITDA margins that are 14 percentage points higher than our portfolio average. The Hotel will increase our exposure to the dynamic Manhattan … Read the rest

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