Date: March 2018
Location: VNO Business and Retail Park, Vilnius Airport, Lithuania
Name: Park Inn by Radisson Airport Hotel – four star, to open 2020
No. of Keys: 120
Buyer/Owner: Marius Jakulis Jason, considered to be one of the 100 richest businessmen in Lithuania, is the hotel owner and director. He is chairman of legal firm, AAA Baltic Service Company and owner of several hotels in Vilnius, including The Kempinski and Radisson Blue Royal Astoria
This will be Rezidor’s (Radisson’s) sixth hotel in Lithuania, either open or in the pipeline and the fourth in the capital city.
The group will manage and operate the new Park Inn along with the other two existing Radisson Blu hotels in the city.
They also plan to add a Radisson Red in the city, signed in October 2016. The 200-room hotel, which will be the first of the brand in the Baltics, Russia & CIS region, will be next to the existing Radisson Blu Lietuva hotel and near the Old Town once it is completed in 2020.
Lords LB Asset Management is developing the property while architect Daniel Libeskind is designing it. This upcoming hotel is part of Rezidor’s plan to operate 60 Radisson Reds globally by 2020.
Radisson Hotel Group’s portfolio in the entire Baltic States has grown to include 18 hotels with more than 4,100 guestrooms. In September 2017, Radisson signed the first Radisson Red in Riga, Latvia—another Baltic State—in partnership with the Astor Group. The 220-room hotel is also expected to open in 2020 in the city center.
THPT Comment: We are confused…just two weeks ago Carlson Rezidor announced that the group’s new Brand Name will be the Radisson Hotel Group, then their press release refers to Rezidor! Please tell us what name you would like to be used…
From a previous THPT post: We have asked for further clarification! and it came…at IHIF Berlin 2018, they announced: Carlson Rezidor Hotel Group announces its rebranding to Radisson Hotel Group, effective immediately.
First Seen: Hotel Management