06.20.05
RADISSON HOTEL JACKSONVILLE BUTLER RECEIVES 2005 RENOVATION AWARD FROM RADISSON HOTELS & RESORTS
AMC Delancey and Paramount Hotel Group Transformed the Hotel in 2004 with a Multi-million dollar Makeover

Contact
Kathleen Pallas, Beckerman Public Relations
(908) 781-6420, Kathleen@beckermanpr.com

JACKSONVILLE, FL, JUNE 20, 2005—AMC Delancey Group, Inc., a Philadelphia-based national real estate investment company, and its partner, Paramount Hotel Group, announced that their joint hotel acquisition, Radisson Hotel Jacksonville Butler Boulevard, has been honored with a 2005 Renovation Award from Radisson Hotels & Resorts for the exceptional quality of its makeover this past year. Radisson Hotel Jacksonville Butler Hotel is one of only a handful of hotels to be honored for its extraordinary renovation project in the $5-10 million investment category among the more than 250 hotels in The Americas region.

“The Renovation Awards were presented to those of our hotels in The Americas region who have completed outstanding renovation projects that have been upgraded to meet the needs of today’s travelers, fostering loyalty for their hotel and the Radisson brand,” said Bjorn Gullaksen, Radisson Hotels & Resorts brand leader and executive vice president of Full Service Hotels for Carlson Hotels Worldwide. “These hotels help showcase Radisson’s high standards for product quality and offer facilities and services that are expected at a full-service hotel.”

A total of 25 Radisson hotels received the 2005 Renovation Awards, which were presented by Gullaksen and Sue Geurs, regional vice president of operations for Carlson Hotels Worldwide, during the recent Carlson Hotels Worldwide Annual Business Conference in Orlando, Florida.

Kenneth P. Balin, President and CEO of AMC Delancey Group, “We are honored to have received this prestigious award, which reflects the success of our repositioning of the Radisson Hotel Jacksonville Butler. Working closely with our partner at Paramount Hotel Group, we have been able to successfully remake this hotel into the premier hotel in the Jacksonville region. This award also reflects our ability to form partnerships with successful and innovative hotel operating partners to capitalize on value-creation opportunities in this sector.”

“This award affirms that the extensive renovations we provided to the Radisson Hotel Jacksonville Butler Boulevard truly captured its full potential,” said Ethan Kramer, President of Paramount. “The finished product is something which our guests and the local community will enjoy for many years to come.”

AMC Delancey Group and Paramount Hotel Group, who oversaw the renovations and currently runs the hotel, commenced construction on the 167-room, six-story hotel in May 2004. Guest rooms were stripped down and new finishes, furniture and equipment were installed, and a more thorough renovation was completed in the lobby, restaurant and meeting areas, where walls were removed to accomplish a more welcoming and dynamic atmosphere. To complete the transformation, a new stucco treatment was applied to the outside of the hotel and landscaping improvements were made.

Radisson Hotels & Resorts currently has more than 420 locations in 61 countries. Radisson is a division of Carlson Hospitality Worldwide, a global leader in hospitality services encompassing nearly 1,900 hotels, resort, restaurant and cruise ship operations in 82 countries.

Paramount Hotel Group, founded in 1999, is a premier hotel management and development company. Paramount Hotel Group specializes in value-oriented management of full and limited service hotels nationwide. As an independent operator, Paramount team has successfully managed hotels under every major brand including Marriott, Hilton, Radisson, Sheraton, Crown Plaza, Holiday Inn, Ramada and Howard Johnson. The company is headquartered in Fairfield, NJ and manages and/or has ownership interests in 27 properties with more than 3,000 rooms.

Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a long-term investor in real estate that delivers superior risk-adjusted financial returns by aligning interests with leading local operating partners and investors throughout the east coast. Headquartered in Philadelphia, Pennsylvania, the Company targets long-term relationships with operating partners from New England to Florida. For more information on AMC Delancey Group, visit www.amcdelancey.com  .

The Radisson Hotel Jacksonville Butler Boulevard is a signature 167-room, 6-story hotel offering a first-class experience for its guests as well as state-of-the-art conference facilities for corporate meetings and events. Located off I-95 at J. Turner Butler Boulevard, the hotel is situated within a bustling commercial district south of downtown Jacksonville and is just 11 miles from ALLTEL Stadium, home of the Jacksonville Jaguars. In addition, the Radisson Hotel offers convenient access to two Jacksonville medical facilities, St. Luke’s Hospital and the Mayo Clinic. Newly renovated, the Radisson Hotel features a completely redeveloped lobby, restaurant and bar, meeting space, public areas and guest rooms. The Radisson Hotel in Jacksonville is owned and operated by AMC Delancey Group and Paramount Hotel Group.

For more information on The Radisson Hotel Jacksonville Butler Boulevard, please visit their Web site at www.radisson.com or call 904-281-9700.