Radisson Hotel Group has this disclaimer listed at the bottom of the main page of their website, which looks to include the Radisson Collection, Radisson-Blu, Radisson-Red, Radisson Individuals, Park Plaza, Park Inn Radisson, Country Inn and Suites by Radisson, Prizeotel, Radisson Rewards, Radisson Hotels, and Radisson Meetings.
Jin Jiang recently acquired the Radisson Hotel Group, having announced their deal for majority ownership in the company as of November 13th, 2018.
Asian Hospitality.com reported November 13th, 2018, “RADISSON HOSPITALITY INC. also known as Radisson Holdings, including the company’s operations in the Americas and Asia Pacific had a new owner. Jin Jiang International Holdings Co. of China announced on Nov. 13 it had closed on a deal to acquire majority ownership in the company from HNA Tourism Group Co., also of China. Radisson Hospitality Inc., based in Minnetonka, Minnesota, and Radisson Hospitality AB in Brussels, Belgium, make up Radisson Hotel Group.”
They explained, “Radisson Hospitality AB is the company’s EMEA operations. Radisson AB is traded on the Swedish stock exchange. Jin Jiang International Holdings has acquired all of Radisson Hospitality Inc. As part of the acquisition, a consortium led by Jin Jiang acquired 50.21 percent ownership in Radisson AB. The consortium includes private equity group SINO-CEE Fund. Doing business through Aplite Holdings AB, the consortium bought 87.6 million shares of Radisson AB for approximately $91.5 million. Under Sweden’s laws, the Jin Jiang-led consortium must make a public offer for the remaining shares of the company or sell shares so the consortium’s ownership in the company falls below 30 percent of the votes in the company.”
And in an unexpected plot-twist, they go on to mention a recent change in the leadership of the company
“The course of Radisson’s history changed after the accidental death on July 3 of HNA Group’s co-chairman. The company also was in the process of selling off many of its overseas investments.”
Which led me to this article…
Something seems “off” about all of this.