Despite several twists, the consortium led by Jin Jiang International Holdings Co., Ltd. and Aplite Holdings AB achieved its capital acquisition goals. It is now in position to control the whole Radisson Hotel Group.
In an interview with Hospitality ON on January 2019, Elie Younes Executive Vice President & Chief Development Officer shared with us "our hopes are high in terms of unlocking the Chinese markets and further enabling our expansion". It is now time to see how Jin Jiang International Hotels will develop its strategy toward the former Scandinavian group.
Prior to the announcement, the Consortium held 50.21% of the shares, it is now in possession of 94.12% of Radisson AB despite several refusals by Radisson AB's independent committee.
Jin Jiang International Hotels now has a strong presence in Europe and the Middle East in all segments of the hotel supply. In budget, economy and mid-scale with Louvre Hotel Group and mid-scale to luxury with Radisson Hotel group.