Choice Hotels to Buy Radisson Hotel Group Americas
Choice Hotels announced it has entered into a definitive agreement to acquire the franchise business, operations and intellectual property of Radisson Hotel Group Americas for $675 million, which would add nine brands, 624 hotels and more than 68,000 hotel rooms to its portfolio. Choice said the acquisition would increase its presence in the upscale and upper-midscale hotel segments, and particularly in the western and midwestern U.S., along with providing growth opportunities to expand the Choice Hotels brand in Canada, Latin America and the Caribbean.
Source: meetingstoday.com
