China’s HNA Explores Sale of Radisson Hotel Group – Bloomberg

Aug 2 (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 from a sale of Radisson, which may also attract other bidders, Bloomberg said

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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