Radisson Hospitality AB : Jin Jiang buys HNA’s stake in Radisson Hospitality AB
>HNA sells its stake in Radisson Hospitality AB to Jin Jiang - In confirmation of the recent speculation, Jin Jiang, China’s most important hotel and travel group controlled by the Shanghai administration (owner of Louvre Hôtels and Accor’s main shareholder) has announced an agreement with HNA for buying HNA’s entire stake (direct and indirect) in Radisson Hospitality AB. This represents the 51 stake owned by parent holding company Radisson Hospitality Inc. (which is ...Rezidor Hotel Group is an international hospitality company managing hotels, brands and assets owned by third parties. Co. operates two main brands, Radisson Blu and Park Inn by Radisson, as well as two more brands, Radisson Red and the Quorvus Collection targeting the luxury segment. All brands are developed and licensed by Co. in Europe, the Middle East and Africa under Master Franchise Agreements with Carlson, a privately held hospitality and travel company. As of Dec 31 2013, Co.'s existing portfolio consisted of 429 hotels with 94,800 rooms in operation and under development in 69 countries across Europe, the Middle East and Africa.
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