Radisson Taking the Company-Owned Route
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Minneapolis-After a decade of letting franchisees operatemost of its hotels, Radisson Hotels & Resorts is bringingcontrol back in-house. As the first step in its goal of owningabout half of its portfolio, parent company Carlson HospitalityWorldwide added more than 20 new hotels in the first half of 2001,most of them company-owned.
As recently as 1999, just 16 percent of the company's 400Radisson hotels were company-owned. Carlson projects those figuresas doubling by the end of this year. -CityBusiness
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