New contender mulls possible bid for Radisson Hotel Group

HNA could earn at least US $2 billion (Dh7.34 billion) from the sale, reports suggest

Owners, Hna, Jin Jiang, Radisson hotel group

Chinese hospitality provider Jin Jiang International Holdings Co. is considering bidding for Radisson Hotel Group, the global chain currently owned by HNA Group Co.

According to reports, HNA could earn at least US $2 billion (Dh7.34 billion) from the sale of Minneapolis-based Radisson. 

The Chinese company has been selling off its assets to repay debts. 

Did you like this story?
Click here for more

In June, Radisson commented on the possible sale of the company by HNA.

"While it has been widely reported that HNA has recently been exploring the sale of some of its assets, we are in a very strong place with our business and remain committed to our go-forward strategy," John Kidd, chief executive of Radisson’s operations in the Americas and Asia Pacific., said in a statement to Bloomberg.

"Any additional questions about a potential sale would need to be answered by HNA,” he added. 

Radisson Hotel Group was acquired by HNA in 2016, when it was called Carlson Hotels. The Rezidor Hotel Group was recently renamed to Radisson Hospitality, following the rebrand of Carlson Rezidor Hotel Group to Radisson Hotel Group.

For all the latest hospitality news from UAE, Gulf countries and around the world, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page.

Most Popular



Human Capital Report 2017

Human Capital Report 2017

The second annual Hotelier Middle East Human Capital Report is designed to explore the issues, challenges and opportunities facing hospitality professionals responsible for the hotel industry’s most important asset – its people. The report combines the results of Hotelier Middle East's HR Leaders Survey with exclusive interviews with the region's senior human resources directors.

Hotelier Middle East Housekeeping Report 2016

Hotelier Middle East Housekeeping Report 2016

The Hotelier Middle East Housekeeping Report 2016 provides essential business insight into this critical hotel function, revealing a gradual move towards the use of automated management and a commitment to sustainability, concerns over recruitment, retention and staff outsourcing, and the potential to deliver much more, if only the industry's "image problem" can be reversed.

From the edition

From the magazine