HNA Explores Sale Of Radisson Hotel Group
China's state-owned hospitality group Jin Jiang International Holdings Co is weighing a bid for HNA Group Co's Minneapolis-based Radisson Hotel Group, Bloomberg reported on Thursday August 2, citing sources.
HNA could get at least $2 billion from a sale of Radisson, which may also attract other bidders, Bloomberg said.
HNA Tourism Group, part of HNA Group, bought US-based Carlson Hotels Inc in 2016 for an undisclosed sum, with hotel brands Radisson, Park Plaza, Country Inns & Suites part of the deal.
Radisson Hotel Group was not immediately available for comment.