Partners go for double whammy.

AMC Delancey Group, Inc., a Philadelphia-based national real estate investment company, and its partner, Paramount Hotel Group, LLC announced their second joint hotel acquisition, this time in Largo, Maryland.

Once known as the Doubletree Club Hotel in Largo, the 184-room, 6-story hotel will undergo a major renovation and become the new Radisson Hotel, Largo, with completion scheduled for mid-September.

The first joint venture between AMC Delancey and Paramount Hotel Group was the acquisition and complete renovation of the former Doubletree Club Hotel in Jacksonville, Florida. In early December 2004, the hotel was reopened to rave reviews as the Radisson Hotel Jacksonville Butler Boulevard, in time to host sellout crowds for Super Bowl XXXIX.

"Our first venture, the Radisson Hotel Jacksonville Butler Boulevard, has proved to be an absolute success," said Kenneth P. Balin, President and CEO of AMC Delancey Group. "We are very excited to announce our second acquisition with Paramount. Interestingly, the new Largo property is close to FedEx field and was also a Doubletree Club. Perhaps that is a good omen.

Paramount Hotel Group, founded in 1999, is headquartered in Fairfield, NJ and manages and/or has ownership interests in 29 properties with more than 3,400 rooms.

Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a long-term investor in real estate that invests directly and with a select group of local real estate operating partners throughout the US.