Odyssey Acquisition of Manchester East Hotel

1st Dec 2004

Odyssey Glendale Hotel, LLC today announced completion of its acquisition of the 133-room
Manchester East Hotel & Suites located at 7065 N Port Washington Road in
Glendale. This is the company’s second hotel acquisition within the last
14 months and is part of Odyssey’s plan to grow a portfolio of hotel
properties across the Wisconsin market. The company has committed to a
multi-million dollar re-vitalization program and has entered into a
contract with Minneapolis-based Carlson Hotels Worldwide, parent company
of Radisson Hotels & Resorts, to convert the property to a Radisson hotel. “Radisson is excited to add this strategically positioned property to our
locations in the Midwest,” said Bjorn Gullaksen, brand leader for Radisson
Hotels & Resorts and executive vice president of Carlson Hotels Worldwide
Full Service Hotels. “The hotel has long served the community, and
transient, and corporate business travelers since it’s opening in 1983.
Odyssey’s investment in upgrading the hotel with a comprehensive
renovation plan, will bring new life to the property and provide customers
with Radisson’s personalized ‘Yes I Can!’ service and upscale product

“The hotel will undergo a comprehensive and ambitious renovation over the
next eight months designed to meet the needs of the market,” said Victor
Guzman, co-founder and Chief Operating Officer of Odyssey. “We plan on
making the property one of the finest hotels in the area,” added Guzman.
The hotel will continue to conduct business during renovations. Bentley’s
Restaurant and Lounge featuring casual, comfortable and contemporary
dining remains open. The unique banquet facilities will remain and include
over 9,000 square feet of convention and event space. The Symposium, a
graduated theatre with auditorium-style seating, is perfect for “eyes
forward” presentations and is one-of-a-kind in the North Shore area. The
atrium, commonly known as Central Park will be revitalized. This
arboretum, with its outdoor café atmosphere of live plants and trees is a
popular area for wedding ceremonies and receptions.

According to Guzman, the hotel is to be managed by the Odyssey Hotels
Group (“OHG”). OHG is another company the founders have funded to provide
the hospitality industry with management talent and new efficiencies via
computerized systems and services.

Radisson Hotels & Resorts(R), one of the world’s leading, full-service
hotel companies, offers warm and engaging genuine hospitality at every
point of guest contact. Radisson is focused on being the hotel of choice
with business and leisure travelers by understanding their mindset,
changing needs, and desires to have more control over their hotel
experience. Radisson is continuing to evolve the brand, introducing new
product and service standards to enable guest choice. Radisson recently
introduced Express Yourself, the first online check-in service in the
hotel industry that enables guests to pre-check-in online up to seven days
prior to their stay and note key service preferences.



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