Bangkok Post

Accor, HNA circle owner of Radisson

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LONDON: Accor SA, the biggest hotel operator in Europe, and Chinese conglomera­te HNA Group Co are among companies considerin­g bids for Carlson’s hotel group, which includes the Radisson and Park Plaza brands, according to people with knowledge of the matter.

Carlson Rezidor Hotel Group could fetch about $2 billion in a sale, and a buyer could be chosen as soon as the first half of the year, the people said, asking not to be identified because the process is private.

“No final decisions have been made about the sale, and the company is also considerin­g other options for the asset,’’ they said.

Spokeswome­n for Accor, HNA and Carlson declined to comment.

Paris-based Accor, which owns the Sofitel and Ibis brands, and HNA have been acquisitiv­e in the hotel and travel industry in recent months.

In December, Accor agreed to buy the owner of the upscale Fairmont, Raffles and Swissotel brands for about $2.9 billion in shares and cash. Earlier in the year, it acquired hotel-reservatio­n service Fastbookin­g.

Accor is also attracting interest from Chinese investors. Hotelier Jin Jiang Internatio­nal (Holdings) Co Ltd had built up an almost 10% stake in Accor through Rubyrock Capital Co Ltd as of last month, making it the French company’s largest shareholde­r, according to data compiled by Bloomberg.

HNA is the biggest shareholde­r in Spanish hotelier NH Hotel Group SA. It agreed to buy a stake in Brazilian airline Azul Linhas Aereas Brasileira­s SA and acquired airport luggage handler Swissport Internatio­nal Ltd from PAI Partners SAS for 2.73 billion Swiss francs ($2.74 billion) last year.

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