Here is the official announcement from the Prez!!! >>>> March 31, 2008 To: The UNT community Today, the university terminated the land-lease agreement for the Radisson Hotel and assumed control of the property, including the hotel building. While the hotel will no longer operate under the Radisson brand, the hotel will continue to operate for the immediate future under another hotel operator selected by the university. During this transition time, UNT will be working with the hotel operator on a plan to address room and event reservations and the overall impact of this change on the hotel's staff members. UNT had been in discussions with the former hotel operators, Denton Hotel Associates, for some time about the future of the hotel, and the hotel was marketed for sale in 2007. The hotel's location at the apex of I-35 E and I-35 W makes it a signature piece of property and a visual gateway to the university. Assuming control of the property, which the university has owned since1948, will ensure that its future use is complementary to UNT's plans and that it will continue to be viewed as an asset to the city of Denton. Having a full-service quality hotel in proximity to UNT is important to a vibrant campus life, especially when it comes to athletic, academic and cultural events; graduations; and the employment of our students. UNT will remain mindful of the impact that development has on the surrounding neighborhoods, and we will ensure that our neighbors are kept appropriately informed as our planning unfolds. This is an exciting opportunity for the university, and I look forward to giving you periodic updates through InHouse, our faculty-staff e-newsletter and web site. With green pride, Gretchen M. Bataille President