Park Plaza Set To Open First Hotel in Las Vegas.

NEW YORK, N.Y. (June 2, 2003) ---- Park Plaza Hotels & Resorts, part of Minneapolis-based Carlson Hotels Worldwide, today announced that the former Lady Luck Casino Hotel in Las Vegas will join the full-service hotel chain later this month as the Park Plaza Las Vegas Lady Luck Casino Hotel.

The 789-room casino hotel, located downtown directly across from the Fremont Street Experience, offers four restaurants, 24-hour room service, concierge services, heated outdoor pool and gift shop. The hotel consists of a 300-room East Tower, a 400-room West Tower and a four-story, 89-room low-rise. The hotel has already undergone $6 million in renovations, with an additional $1 million investment planned for the East Tower. The West Tower is scheduled to undergo a $12.5 million renovation during the next three years and will be gradually converted to 209 timeshare units. Additional renovations will be made to the restaurants, front desk, and lobby.

"As an emerging hotel brand in the United States, this Las Vegas hotel will help raise the awareness of Park Plaza in one the country's most popular travel destinations," said Bjørn Gullaksen, brand leader for Park Plaza Hotels & Resorts and executive vice president for full-service hotels for Carlson Hotels Worldwide.

The Park Plaza Las Vegas Lady Luck Casino Hotel is owned by Newport, Calif.-based Steadfast Companies. Irv Ash, a principal in the hotel management arm of the organization, worked for 15 years in hotel development with Carlson Hotels Worldwide before leaving late last year to pursue hotel ownership.

"When I became a hotel franchisee, I knew that Carlson was the company with whom I wanted to partner," said Ash. "I know first-hand the value and importance that Carlson places on relationships and people - for both customers and business partners. In addition, we felt it was important to brand the hotel. We believe the Park Plaza brand, coupled with Carlson's award-winning Curtis-C central reservation system, will enhance our 85 percent occupancy by adding value and helping secure an even better rate," he added.

The world-famous Fremont Street Experience, located across the street from the hotel, is a pedestrian promenade located in the neon center of Las Vegas. This beautifully landscaped area includes a misting system, retail carts, kiosks, free mall entertainment and one-of-a-kind light and sound shows. The shows are derived from over 2 million lights and 540,000 watts of concert quality sound and are presented hourly each night between dusk and midnight. The $100 million award-winning project is considered a must-see attraction.

Reservations for Park Plaza Hotels & Resorts can be made through the web site at http://www.parkplaza.com, through your travel consultant or by calling the toll-free reservation line in North America at: 800-814-7000.

Park Plaza Hotels & Resorts in North America are positioned in the mid-scale to upscale segment of the full service hotel category. These hotels are generally 150 rooms or larger and located in downtown, suburban and airport commercial locations. With restaurants, meeting rooms, catering, suites and recreational facilities, the hotels serve the travel needs of business guests, meeting attendees and weekend leisure guests. There are currently over 35 Park Plaza locations worldwide, with nine in North America. Park Plaza Hotels & Resorts is part of Carlson Hospitality Worldwide, a global leader in hospitality services, encompassing more than 1,660 hotel, resort, restaurant and cruise ship operations in 82 countries. In addition to Park Plaza, specific brands include: Regent International Hotels; Radisson Hotels & Resorts; Country Inns & Suites By Carlson; Park Inn hotels, Radisson Seven Seas Cruises; T.G.I. Friday's; Pick Up Stix; and Provisions, a worldwide procurement company.

Media inquiries, please contact:
Kristi Arndt, (763) 212-5626
karndt@carlson.com

Original Article

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