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The City of Appleton is pleased to announce that the Radisson Paper Valley Hotel has recently been placed under contract for purchase by Inner Circle Investments.

“We have been eagerly waiting for the right buyer to take ownership of the Radisson Paper Valley Hotel,” said Mayor Tim Hanna. “The Paper Valley is an important business for the Fox Valley and an important part of our plans to build an exhibition center which should make our community a key destination for businesses seeking a first-rate conference center.”

Inner Circle Investments, the real estate division of Inner Circle US, owns and operates full service hotels throughout the United States. Many of the Inner Circle hotels carry the Radisson brand. In addition Inner Circle is experienced in owning and managing downtown hotels with attached conference centers.

“We have been impressed with the response that we’ve received from the Fox Cities communities and we look forward to becoming an integral part of the community and providing a hotel the community will be proud of,” said Joe Gillespie, Managing Partner of Inner Circle Investments. “The Radisson Paper Valley Hotel offers an exceptional opportunity to continue the Radisson relationship in a strong economic market.”

Gillespie said the company has plans to upgrade the property “in keeping with the high standards of the Radisson name.”