
HNA Tourism Group enters agreement with Carlson Rezidor Hotel Group for the acquisition of the American hotel operator; the transaction is expected to close in the second half of 2016.
Under the agreement terms, HNA Tourism Group will acquire all Carlson Hotels, including its approximately 51.3% majority stake in Rezidor Hotel Group, the group's master licensee based in Brussels with hotels in the EMEA region. Since the closing of the Transaction will result in an indirect change of control in Rezidor, HNA Tourism Group would, under Swedish takeover rules, be obliged to launch a mandatory public tender offer for the remaining approximately 48.7 percent of Rezidor, within four weeks after the closing of the transaction if ownership in Rezidor is not brought below 30 percent. The transaction is subject to receipt of regulatory approvals and other customary closing conditions, and is expected to close in the second half of 2016.
According to data published by MKG Consulting, Carlson Rezidor ranks among the Top 12 hotel groups worldwide in terms of rooms. Regarding both hotels in operation and in the pipeline, the group portfolio comprises close to 1,400 hotels. It has strong presence in the European Union, ranking 9th in the continent; its regional portfolio includes 243 hotels, representing 51,274 as of January 2016 (read our Global Hotel Ranking 2016).
Parent company of Hainan Airlines, HNA already operates in several other markets: hospitality, tourism, finance and online services (explore our infographic for more information). It previously demonstrated its willingness to invest in the global hospitality industry by acquiring shares (around 10%) in Pierre & Vacances Center Parks in March 2016, and gradually increasing its stakes in NH Hoteles up to 30% over the past few years.
According to our 2015 Worldwide Hospitality Report, HNA ranked 90th hotel group worldwide in terms of rooms. As of January 2015, its portfolio included 44 hotels and 9,961 rooms operated under its own brands Tangla, NH Hotels and Red Lion, as well as hotel properties under other brands. After its latest acquisition, HNA is definitely on its way to becoming a more substantial player.
Vous aimerez aussi :
- A look at a year of consolidation in the hotel industry
- AccorHotels and HNA would be interested in Carlson Rezidor
- Chinese group HNA continues its European shopping spree
- AccorHotels announces antitrust clearance of proposed acquisition of FRHI
- AccorHotels acquires FRHI Hotels & Resorts
- Marriott announces acquisition of Starwood Hotels group