Radisson sold to China or Accor

Park Plaza Beijing Wangfujing

Accor and HNA Group have surfaced as the first names associated with potential bids to acquire Carlson’s hotel group, according to a Bloomberg news report citing people with knowledge of the matter.

Carlson in January asked Morgan Stanley to explore strategic alternatives for its hotel group, including strategic partnerships, mergers or a sale.

The Bloomberg report said Carlson Rezidor Hotel Group sale, which includes among others the Radisson, Country Inns & Suites and Park Plaza brands, could fetch about US$2 billion and could transact in the first half of 2016.

Carlson answer is a “no comment” response. Paris-based Accor is still in the process of finalizing its US$2.9 billion acquisition of FRHI, while China’s HNA has been active in the hotel space, recently taking a position in Red Lion Hotels Corp. and holds a big stake in NH Hoteles, Madrid.

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