12.08.05
The Newly Renovated Radisson Hotel in Largo, Maryland, Officially Welcomes Guests
AMC Delancey and Paramount Hotel Group Transformed former Doubletree Hotel

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

LARGO, MD, DECEMBER 8, 2005— The recently renovated, highly anticipated, 184-room, six-story Radisson Hotel—Largo celebrated its spectacular grand opening recently with honorary guest Prince George’s County Executive Jack B. Johnson.

Pictured here (from left to right) are The Honorable Marvin Holmes, State Delegate, Prince George's County; Ethan Kramer, president and COO of Paramount Hotel Group; The Honorable Jack B. Johnson, County Executive of Prince George's County; Ken Balin, President and CEO of AMC Delancey; David Simon, chief executive officer of Paramount Hotel Group; and Philippe Duverger, General Manager of Radisson Hotel—Largo cutting the ceremonial ribbon to mark the grand opening of the new hotel.

“We are pleased with not only the tremendous turnout for our grand opening of the new Radisson Hotel—Largo, but the overall excitement and buzz in Prince George’s County about the new hotel,” said Kenneth P. Balin, president and chief executive officer of AMC Delancey, Inc. “This dramatic renovation at the Radisson Hotel—Largo was a step in the right direction towards the revitalization of Prince George’s County for the benefit of all. Paramount Hotel Group is an excellent local operating partner whose interests are clearly aligned with our own and it is a pleasure working with them. This acquisition and its repositioning is clearly a win-win for the local marketplace, as well as the partners involved.”

Formerly known as the Doubletree Club Hotel, the 184-room, six-story Radisson Hotel—Largo, was acquired by AMC Delancey Group, Inc., a Philadelphia-based national real estate investment company, and its joint venture partner Paramount Hotel Group, LLC, earlier this year 2005. The two companies completely overhauled the hotel and re-branded it as a Radisson, and have experienced much success since its soft opening in early September.

Located off the I-95/495 Beltway in the Inglewood Business Center, the new Radisson Hotel is situated within a major suburban office market northeast of Washington DC, near numerous corporate and government demand generators. In addition, the hotel is within close proximity to FedEx Field, home of the Washington Redskins and the new “Boulevard at the Capital Centre” retail center. The Blue Line of the D.C. area Metro has now been extended to Largo Town Center, nearby the property.

About Paramount Hotel Group 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.

About AMC Delancey Group, Inc. AMC Delancey Group, Inc. is a leading real estate investment and development firm that co-invests with a growing number of real estate operating partners throughout the United States. Headquartered in Philadelphia, Pennsylvania, the Company's unique approach focuses first on the quality of potential operating partners, next on their investment strategies, and finally on the specific properties proposed for acquisition. The Company's current investment programs include hotel, office, retail, multi-family, condominium, mixed use, and land development. AMC Delancey plans to expand these and other investment programs into existing and new territories, with existing and new operating partners, with investments targeted over the next several years in excess of one billion dollars. For more information on AMC Delancey Group, visit www.amcdelancey.com.