China's HNA explores sale of Radisson Hotel Group - Bloomberg

FILE PHOTO: A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee/File Photo - Copyright Jason Lee(Reuters)

By Reuters

Published on 02/08/2018 - 06:34•Updated 19/04/2024 - 07:16

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(Reuters) - 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, citing sources.

HNA could get at least $2 billion (1.5 billion pounds) from a sale of Radisson, which may also attract other bidders, Bloomberg said https://bloom.bg/2vcG6bo.

HNA Tourism Group, part of HNA Group, bought U.S.-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.

(Reporting by Shubham Kalia in Bengaluru; Editing by Gopakumar Warrier)

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