May 12, 2010
Carlson Hotels Worldwide plans to buy 18 floors in downtown Chicago’s distinctive, 81-story Aqua Tower to house the first U.S. location of its luxury Radisson Blu chain.
The top execs of three major luxury brands – Ritz-Carlton, Four Seasons and Starwood, which owns the St. Regis, W and Luxury Collection lines – have recently commented publicly that demand for luxury hotels is bouncing back faster than they predicted just a few months ago, thanks to an uptick in high-end business travellers.
The move comes less than three months since Carlson announced a $1.5 billion revamp of its Radisson chain. Most of the money will be spent giving North American properties a facelift and building some new locations in major U.S. cities.
For more info, visit USA Today’s site
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