HNA completes acquisition of Carlson Hotels

BEIJING and MINNEAPOLIS, Minn. — Beijing-based HNA Tourism Group Co, Ltd. has completed its purchase of Carlson Hotels Inc. from Carlson Hospitality Group, Inc., it was announced earlier this month.

Radisson Vancouver Airport.

Radisson Vancouver Airport.

BEIJING and MINNEAPOLIS, Minn. — Beijing-based HNA Tourism Group Co, Ltd. has completed its purchase of Carlson Hotels Inc. from Carlson Hospitality Group, Inc., it was announced earlier this month. The deal, which was announced in April, includes Carlson’s majority stake in Rezidor Hotel Group AB, representing 51.3 per cent of the company’s outstanding shares. The value of the transaction has not been made public.

With the transaction finalized, HNA is now obliged to either launch a mandatory tender offer for the remaining outstanding shares in Rezidor or sell down its ownership in the company below 30 per cent by Jan. 4, 2017.