HNA Tourism Group recently announced its acquisition of Carlson Hotels, Inc. The hospitality group owns the Quorvus Collection, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn and Country Inns & Suites. The brand’s new ownership hopes to more swiftly increase the growth of property numbers in gateway cities, as well as foster newer, lesser-known brands such as Radisson RED.
“Carlson Hotels’ global success and strong, sustainable growth potential is a testament to their world-class brands, continuous innovation, excellent management and unique employee-focused culture, all of which we will build upon as part of this combination to establish our presence in the U.S. market and expand our footprint in hospitality internationally,” said Bai Haibo, chairman and CEO, HNA Hospitality Group.
According to the agreement, HNA Tourism Group will acquire all of Carlson Hotels, 51.3 per cent majority stake in Rezidor Hotel Group and hotels in Europe, the Middle East and Africa.
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