The University of North Texas Board of Regents voted unanimously today via a teleconference meeting to terminate a lease agreement with the Radisson Hotel located at 2211 Interstate 35E.

“The termination of the lease is effectively the purchase of the property,” said Alan Stucky, assistant general counsel for UNT.

While the university owns the property, Denton Hotel Associates has been leasing and running the Radisson since 1998.

Seven of the nine regents voted on the action, in the specially called meeting..

UNT President Gretchen Bataille would not give specific details of the university’s plans for the property, but said “it will be complimentary to our other plans to develop the athletic facilities and the Murchison [Performing Arts Center],” Terminating the lease gives the university more control to ensure the usage is consistent with their long-term plans, she said.