Business Day

HNA unit to buy Carlson Hotels

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SEATTLE A unit of China’s HNA Group agreed to buy Carlson Hotels, gaining brands including Radisson and Park Plaza as the global lodging industry consolidat­es. HNA tourism group will acquire Carlson and its 51.3% stake in Rezidor Hotel Group, Carlson’s Brussels-based master licensee for Europe, the Middle East and Africa, and may begin a takeover offer for all of Rezidor, the companies said on Wednesday.

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