Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MINNEAPOLIS-Locally based Carlson Hotels Worldwide, the parent of Radisson Hotels & Resorts, has bought full ownership of Radisson Aruba Resort & Casino from its partner, Dutchco, a company owned by the Aruban government.

The partners had recently completed a two-year, $55-million rehab effort to transform the property into a four-star casino resort. As part of the renovation, Colonial West Indian furnishings and other Caribbean touches were added to the property.

The investment in the resort is part of Radisson’s growth strategy in the Americas, says Jay Witzel, president and chief executive officer of Carlson Hotels Worldwide. Radisson is looking to make investments in other full-service hotels and resorts in the top 25 or so Caribbean markets.

The deal brings Carlson’s total investment in the Aruba property to $75 million over the past five years. Radisson Aruba has 358 guest rooms, a 16,000-sf casino, more than 15,000 sf of meeting space and other amenities, including four restaurants and a fitness center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.