RIDA Development Corporation Acquires Iconic Pittsburgh Hotel; Will Become a DoubleTree by Hilton with Multi-Million-Dollar Renovation
PITTSBURGH - 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."
For more information on the soon-to-be DoubleTree by Hilton Pittsburgh-Green Tree, please contact (412) 920-8097.
DoubleTree by Hilton Brand Public Relations
703 883 5315
The Mayfield Group
Autumn Barnes Mayfield
850.421.9007 / 850.443.2212
About RIDA Development Corporation
RIDA Development Corporation has achieved an international reputation for creating innovative, high-quality and successful real estate ventures. Headquartered in Houston, Texas and founded in 1972 by David Mitzner, RIDA operates major divisions in Texas, Florida and Europe. RIDA is among Poland's largest and most well-known private investment groups, and its Polish portfolio alone is valued at more than $2 billion. In the United States, RIDA has become one of the South's most active development groups and is currently managing developments worldwide of retail, office, distribution, residential, hotel and mixed-use land developments with a value in excess of $5 billion. For more information, visit www.ridadev.com.
About CAM Hospitality Advisors & Management
CAM Hospitality Advisors & Management currently manages, asset manages more than 25 U.S. hotels and resorts across all brands and luxury levels. The senior management team of CAM Hospitality Advisors & Management has an average of more than 25 years each of diverse full service hospitality management experience. CAM utilizes its in-depth knowledge of third party resources as well as leveraging the hotel brands to deliver outstanding yields and value to all stakeholders. For more information, visit www.camhospitality.com.
About Looney & Associates
Looney & Associates is an award-winning and highly-acclaimed interior design company with offices in Chicago and Dallas. Their extensive portfolio includes resorts, hotels, commercial and residential properties in locations in Arizona, California, Colorado, Florida, New Jersey, New Mexico, Texas, Mexico and others. For more information, visit www.looney-associates.com.
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,200 properties with more than 983,000 rooms, in 118 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton welcomed more than 3 billion guests in its 100-year history, earned a top spot on the 2019 World’s Best Workplaces list, and was named the 2019 Global Industry Leader on the Dow Jones Sustainability Indices. In 2020, Hilton CleanStay was introduced, bringing an industry-defining standard of cleanliness and disinfection to hotels worldwide. Through the award-winning guest loyalty program Hilton Honors, the 108 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy, plus enjoy instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
About DoubleTree by Hilton
DoubleTree by Hilton is a fast-growing, global portfolio of more than 590 upscale hotels with more than 136,000 rooms across 48 countries. For more than 50 years, DoubleTree by Hilton has continued to be a symbol of comfort for business and leisure travelers around the world, from welcoming guests with its signature warm DoubleTree chocolate chip cookie, to serving the local community. DoubleTree by Hilton offers contemporary accommodations and amenities, including unique food and beverage experiences, state-of-the-art fitness offerings and meetings and events spaces. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. To make reservations, travelers may visit doubletree.com. Connect with DoubleTree by Hilton on Facebook, Twitter, and Instagram. Learn about the latest brand news at newsroom.hilton.com/doubletree.