May
01
Cross-Border Buyer for Carlson Hotels
ByCarlson Hospitality just revealed that it has signed on the dotted line to sell Carlson Hotels to this Beijing-based global conglomerate.
BAI Haibo, Chairman & CEO of HNA Hospitality & David P. Berg, CEO of Carlson Hospitality
Beijing and Minneapolis–Big-ticket acquisition activity in the U.S. hotel sector continues with the planned sale of Carlson Hotels Inc. Family-owned Carlson Hospitality Group Inc. just revealed that it has signed on the dotted line to sell Carlson Hotels to HNA Tourism Group Co. Ltd., a Beijing-based global tourism conglomerate.
No acquisition cost accompanied news of the agreement, but it’s bound to be steep. After all, Minnetonka, Minn.-based Carlson Hotels reported system-wide revenues totaling $7.3 billion for 2015. And then there’s its ownership of a stellar portfolio of brands that includes the Quorvus Collection, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson and Country Inns & Suites By Carlson…
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