HNA Group Buys Carl­son Ho­tels

Business Traveler (USA) - - UPFRONT -

A sub­sidiary of Chi­nese con­glom­er­ate HNA Group, which owns Hainan Air­lines, has en­tered into an agree­ment to buy Carl­son Ho­tels, which has around 1,400 ho­tels in op­er­a­tion and un­der de­vel­op­ment across 115 coun­tries and ter­ri­to­ries. Brands in­clude Radis­son Blu, Radis­son Red, Park Plaza, Park Inn by Radis­son and the Club Carl­son loy­alty pro­gram.

Un­der terms of the deal, HNA will ac­quire all of Carl­son Ho­tels, as well as the group’s ma­jor­ity stake in the Rezi­dor Ho­tel Group, Carl­son Ho­tel’s Brus­sels-based master li­censee. Un­der Swedish takeover rules, HNA will have to launch a pub­lic ten­der of­fer for the re­main­ing stake in Rezi­dor or sell their in­ter­est down to be­low 30 per­cent.

The trans­ac­tion is sub­ject to reg­u­la­tory ap­provals, and is ex­pected to close in the second half of 2016.

For more in­for­ma­tion visit carl­

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.