BEIJING and MINNEAPOLIS, Minn. — Beijing-based HNA Tourism Group Co, Ltd. has completed its acquisition of Carlson Hotels Inc. from Carlson Hospitality Group, Inc. The deal, which was originally announced in April, includes Carlson’s majority stake in Rezidor Hotel Group AB — representing 51.3 per cent of the company’s outstanding shares. The value of the transaction has not been made public.
With the transaction finalized, HNA is now under an obligation to either launch a mandatory tender offer for the remaining outstanding shares in Rezidor or sell down its ownership in the company below 30 per cent by Jan. 4, 2017.
