BEIJING and MINNEAPOLIS, Minn. — Beijing-based HNA Tourism Group Co., Ltd. has entered into an agreement to acquire Carlson Hotels, Inc. from Carlson Hospitality Group, Inc.
Carlson Hotels is the owner of the Quorvus Collection, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson and Country Inns & Suites by Carlson brands, as well as the Club Carlson global hotel rewards program.
“Carlson Hotels owns a powerful set of global brands and this historic agreement provides tremendous opportunities for growth,” says David P. Berg, CEO, Carlson Hospitality Group. “We look forward to working within HNA Tourism Group, a greatly respected global enterprise, in what will be an exciting new chapter in the history of Carlson Hotels. As part of HNA Tourism Group, Carlson Hotels will have an opportunity to advance our commitment to providing guests with hospitality worldwide.”
Under terms of the agreement, which were unanimously approved by the Carlson Board of Directors, HNA Tourism Group will acquire all of Carlson Hotels’ assets, including its approximately 51.3 per cent majority stake in Rezidor Hotel Group. The transaction is expected to close late 2016.