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Radisson-Olympus Buys Clarion Hotel in Texas

MINNETONKA, MN-The 296-room hotel purchase in Richardson is the first

By Jim McCartney | Updated on October 15, 2000

MINNETONKA, MN- Radisson-Olympus Capital Partners, a strategicalliance formed this summer between Olympus RealEstate Corp. and Carlson Hotels Worldwide, says it hasbought the Clarion Hotel, a 296-room full-servicehotel in Richardson, TX.

The hotel, which also has a restaurant, lounge and upto 20,000-sf of meeting space, will be managed byRadisson Corp., one of four hotel brands in theMinnetonka, MN-based Carlson Cos. Once it undergoes amajor renovation project, the hotel will be renamed the RadissonHotel Richardson. The conversion is expected to becompleted by the end of the first quarter of 2001.Financial terms of the deal were not disclosed.

The hotel’s main potential is in its location in oneof the fastest growing sections of the Dallas-FortWorth area, a section which has been dubbed “theTelecom Corridor,” says Eric Danziger, chairman ofRadisson-Olympus Capital Partners and president andchief operating officer of Carlson Hotels Worldwide.The high concentration of telecommunications serviceswill also be a nice fit to serve thetelecommunications needs of Carlson’s reservationsdelivery systems, global customer base andsister-companies Carlson Wagonlit Travel and CarlsonMarketing Group, Danizger says.

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