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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.
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