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

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

China's HNA explores sale of Radisson Hotel Group - Bloomberg
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Jason Lee(Reuters)
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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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