HNA Closes Its Acquisition of Carlson Hotels
Photo Credit: A Park Inn property in Antwerp, Belgium. HNA Tourism Group completed its acquisition of Carlson Hotels, which has a controlling stake in Carlson Rezidor. Carlson Rezidor
Skift Take
The bigger question now is what will happen to Rezidor, and how will that impact HNA's other hotel investments in NH Hotels, as well as Hilton and Red Lion Hotels?
Eight months after announcing its intent to acquire Minnetonka, Minn.-based Carlson Hotels, China's HNA Tourism Group has closed the deal, buying all of Carlson Hotels, and also acquiring Carlson's 51.3-percent stake in Brussels-based Rezidor Hotel Group.
Terms of the acquisition have not been disclosed, and HNA Tourism Group is not commenting on the deal at this time.
Now that HNA Tourism Group has officially purchased Carlson and obtained a majority stake in Rezidor, it has until January 4th to decide exactly what it wants to do with Rezidor and it has two options: sell down its stake or buy the whole company out.
At this point, it's anyone's guess as to what HNA will ultimately decide to do. Skift spoke with Rezidor Deputy President and CFO Knut Kleiven, to ask him what could potentially happen.
Kleiven said, "They have four weeks to decide if they want to send their Rezido
