To the point
Choice Hotels Group announced that it is acquiring Radisson Hotel Group for $675 million.
Another consolidation in the hotel market! Choice Hotels International announced that it had acquired Radisson Hotel Group Americas for approximately $675 million. The transaction will be effective by the end of the year.
Choice Hotels International will get its hands on:
- 9 brands
- 624 hotels
- 68,000 rooms
In addition, this transaction allows Choice Hotels International to expand its brand portfolio with more upscale hotels.
Radisson Hotel Group is owned by Jin Jiang International, a Chinese state-owned company. However, the U.S. government limits the data companies can share with the Chinese government.
Thus, in 2021, Radisson Hotel Group had to create a unique entity for the “Americas” market, including the United States, Canada, the Caribbean and Latin America: Radisson Hotel Group Americas.
So, outside this market, the Radisson Group will continue to operate as before.
At this time, it is unknown whether the hotels joining Choice Hotels will become part of the Choice Privileges program or continue to operate under Radisson Rewards Americas.
Come to discuss that topic in our Facebook Group!
