ROCKVILLE, Md. — Choice Hotels International, Inc. has completed the acquisition of the franchise business, operations and intellectual property of Radisson Hotels Americas for roughly $675 million from Radisson Hotel Group, inclusive of the real-estate value of three owned hotels.
With the close of this transaction, Choice Hotels International has added approximately 67,000 rooms, expanding its presence in the higher revenue upper-upscale and upscale full-service segments, and bolstering its core upper-midscale segment.
Additionally, the transaction adds nine brands to Choice Hotels International’s portfolio, including Radisson Blu, Radisson, Radisson Individuals, Park Plaza, Radisson RED, Country Inn & Suites by Radisson, Park Inn by Radisson, Radisson Inn & Suites and Radisson Collection.
