Paramount Engaged as Asset Manager for Radisson in Waco, TX
October 30, 2009 - Paramount Lodging Advisors is pleased to announce its recent engagement as asset manager of the new Radisson Hotel located at 810 Interstate 35 North, Waco, Texas.
The Radisson Hotel Waco offers first class accommodations to leisure and business travelers with its ninety-four (94) fully furnished suites. The hotel is conveniently located near the I-35 / Loop 340 interchange and is a stone's throw away from Baylor University.
”We are excited to be involved with the newest Full Service Hotel in the Waco Community and leverage our extensive expertise with the Radisson Brand and assisting in full service hotel operations”, said Sanjeev Misra, Senior Managing Director for Paramount Lodging Advisors.
Having been involved in over fifty (50) hotel developments with sixteen (16) franchise brand families, Paramount Lodging Advisors brings extensive development, operational, brand and financing experience to each asset management engagement.
Paramount will utilize its Hotel Manager Scorecard to analyze and maximize operating performance at the Radisson Waco. This proprietary product assists in identifying opportunities for revenue enhancement and cost reduction and provides on-going feedback and support to hotel management and ownership.
Complementing its consulting and asset management services, Paramount also offers advisory services in the areas of hotel brokerage, capital markets, and executive search. Paramount Lodging Advisors is a Chicago-based hotel advisory firm with seven (7) US and two (2) international offices.
For additional information on the asset management contract, contact Sanjeev Misra at smisra@paramountlodging.com or visit www.paramountlodging.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
