RIDA to Renovate and Rebrand Pittsbugh Raddisson as DoubleTree by Hilton Pittsburgh-Green Tree

Extensive improvements are scheduled to begin immediately

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. September 27, 2011

September 26, 2011 - RIDA Development Corporation has announced the planned purchase and accompanying $15 million transformation of the Radisson Hotel located in the Green Tree borough in Pittsburgh, PA. Extensive improvements are scheduled to begin immediately, with the 465-room DoubleTree by Hilton Pittsburgh-Green Tree becoming the newest and largest Pittsburgh-area hotel currently available within the Hilton Worldwide portfolio of hotels and welcoming guests to the brand in November 2011. Renovations are anticipated to be complete by the fall of 2012.

A powerhouse team of experienced hospitality talent has been brought together for the DoubleTree by Hilton Pittsburgh-Green Tree conversion and renovation. Renowned interior design company Looney & Associates leads the re-design, with RIDA Development Corporation, one of the country's leading hotel developers, overseeing the transformation of the property. CAM Hospitality Management has been awarded the management contract. The hotel will be operated under a franchise management agreement with a subsidiary of Hilton Worldwide.

“We are very pleased to conclude this transaction and to be part of the redevelopment of this Pittsburgh property that has been a mainstay for over 25 years,” said Ira Mitzner, President of RIDA Development Corporation. “We look forward to establishing the DoubleTree by Hilton Pittsburgh-Green Tree as a premiere hotel for group, business and leisure travelers visiting the area. We are also pleased to add this property to our hotel portfolio with ownership interests exceeding 3,000 rooms nationwide and approximately $1 billion in value.

The $30,000+ per-room renovation will encompass 455 beautifully revamped guestrooms and suites, a striking new entryway leading guests into an expansive, completely updated lobby with furnishings and finishes evoking the feel of grand mountain lodge. An update of all public spaces of the hotel includes modernization of the hotel's two full-service restaurants, sports bar, marketplace, health club and more than 30,000 square feet of meeting space and event facilities encompassing 26 meeting rooms, a grand ballroom and a junior ballroom.

Aside from the fresh new look of all spaces in the hotel, the interior colors will represent the four seasons. Plush seating and large social areas will spill into the new upscale sports bar and grill, while in the new state-of-the-art health club there will be professional-grade Precor fitness equipment.

The DoubleTree by Hilton Pittsburgh-Green Tree provides complimentary shuttle service to many downtown attractions such as sports stadiums, the Andy Warhol Museum as well as the David L. Lawrence Convention Center. Providing complimentary parking, DoubleTree by Hilton Pittsburgh-Green Tree also shuttles to and from the airport free of charge.

DoubleTree by Hilton Pittsburgh-Green Tree guests will benefit from the characteristic qualities found at the brand's more than 265 DoubleTree by Hilton locations around the world, including the warm welcome of the brand's legendary chocolate chip cookie presented to every guest at check-in; an array of upscale amenities and guest services; the rewards of the Hilton HHonorsâ guest loyalty program; and a unique and caring team member commitment to the local community.

“We are delighted to introduce our fifth Pittsburgh area hotel later this fall as the DoubleTree by Hilton Pittsburgh-Green Tree. The new name, look and feel of this outstanding hotel will be exciting for hotel team members, guests and the community alike,” said Rob Palleschi, global head, DoubleTree by Hilton. “DoubleTree by Hilton looks forward to working together with RIDA Development and CAM Hospitality to create a rewarding hotel experience for the Borough of Green Tree and the greater Pittsburgh community in the months and years to come.”