Radisson Edwardian to buy the May Fair London

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LONDON -- Radisson Edwardian Hotels said it will acquire the InterContinental May Fair London Hotel here for $181.5 million by Sept. 11, bringing its four- and five-star property tally in the British capital to 11.

The five-star, 289-room hotel -- rebranded the Radisson Edwardian May Fair Hotel -- will be renovated and expanded; the company is in the midst of a $150 million chain-wide refurbishment effort to be completed by the end of 2004.

"We have sought the addition of a hotel in Mayfair to complement our group's extensive coverage of London for some time," said Jasminder Singh, chairman and CEO. "Once refurbished, it will ... further strengthen our group's position in the luxury market segment."

Planned improvements at the May Fair include construction of a new six-floor wing of rooms and an extension of the eighth floor, adding 80 rooms, as well as upgrading and expanding conference and meetings facilities.

For more information, call (800) 333-3333 or log on to www.radisson.com.

To contact reporter Kenneth Kiesnoski, send e-mail to [email protected].

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