About the Company
Radisson Hospitality, Inc. (trading as Radisson Hotel Group) is an American multi-national hospitality company. It started as a division of Carlson Companies, which owned Radisson Hotels, Country Inns & Suites and other brands. In 1994, Carlson signed a franchise agreement with SAS International Hotels (SIH), after which SIH started to use the brand Radisson SAS in the Europe, Middle East and Africa markets. In 2005, Carlson acquired 25% of the shares of SIH, at that time known as Rezidor SAS Hospitality. In 2010, Rezidor Hotel Group (formerly Rezidor SAS) became a subsidiary of Carlson. The enlarged hotel group adopted a new trading name, Carlson Rezidor Hotel Group, which was one of the top hotel corporations in 2013.In 2016, Carlson Companies sold Carlson Rezidor Hotel Group to Chinese conglomerate HNA Group. In the fourth quarter of 2017, Carlson Hotels, Inc. (the holding company of the hotel group) was renamed Radisson Hospitality, Inc., while the listed subsidiary (Rezidor Hotel Group AB) was renamed Radisson Hospitality AB. In 2018, HNA Group re-sold Radisson to a consortium led by multinational hospitality company, Jin Jiang International.As of 2021, Radisson Hotel Group owns or operates nine hotel brands: Radisson Collection, Radisson Blu, Radisson, Radisson Red, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson and prizeotel. The loyalty program is known as Radisson Rewards. In June 2022, the Radisson Hotel Group agreed to sell Radisson Hotels Americas, consisting of the Radisson franchise agreements, operations and intellectual property in the United States, Canada, Latin America and the Caribbean to Choice Hotels for $675 million. The deal closed on August 11, 2022.
Exchange
Nasdaq
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Latest $STKS News
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Combined business will generate meaningful free cash flow enabling debt reduction and shareholder friendly capital allocation to drive long-term value for shareholders Expected to be accretive to ...
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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
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Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...
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