CARLSON HOSPITALITY TO ENTER TIMESHARE ARENA

Source: Carlson Hospitality Worldwide

February 4, 1999
Carlson Hospitality Worldwide is moving into two new areas: vacation ownership and what it describes as "lifestyle living." At a press conference in New York last week, President/CEO Curtis Nelson announced the creation of Carlson Vacation Ownership, which will license properties in resort destinations worldwide under the Regent (luxury), Radisson (upscale), and Country Inns & Suites (mid market) flags. The company has also entered into an agreement to establish a vacation club for members of Tempus Resorts International and to reflag its 633-acre Palms Resort in Orlando. The other venture, Carlson Lifestyle Living, will incorporate lodging with condominiums and townhouses in resort-like settings designed to appeal to "our active, aging population," Nelson said. The first Carlson Park, as the complexes will be known, is being developed in San Antonio. It will feature a Country Inns & Suites hotel, though future projects will also be built around Radissons. The company anticipates developing 15 Carlson Parks in the South, Southwest, and West over the next five years.