Acquisitions & Hotel Openings

Prestige Hospitality to Manage 117-room Radisson Hotel in Carteret, NJ

Carteret, NJ - February 6, 2012 - Prestige Hospitality Group announced that it has been awarded the operations and management contract for the Radisson Hotel in Carteret, New Jersey. Under this new assignment, Prestige Hospitality Group (PHG) will be responsible for daily hotel operations, capital improvements, marketing and business development at the 117 room full-service hotel.

“This is a superior hotel located within the largest metropolitan area of the country,” said Justin D. Smith, President and Chief Operating Officer of Prestige Hospitality Group. “This is an exciting opportunity for Prestige Hospitality Group to expand our presence in the New York City metropolitan area.”

The Radisson Hotel is located in Carteret, New Jersey, within close proximity to Newark Liberty International Airport. Hotel amenities include a business center, fitness center, and complimentary shuttle service to the airport and surrounding mass transit stations. The hotel features 3,700 square feet of meeting space accommodating up to 200 guests and a full-service restaurant and lounge.

Headquartered in Albany, New York, Prestige Hospitality Group owns, develops and manages hotels and hospitality properties throughout the northeast. PHG provides operational, financial and strategic management services for a mixed portfolio of franchised and independent, select and full service hotels. Prestige Hospitality Group can be found on the web at www.prestigehg.com.

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