The AAHOA Broadcast

Choice Hotels to Acquire Radisson Americas for $675 Million

| Jun 13, 2022

Choice Hotels International has entered into a definitive agreement to acquire Radisson Hotel Group Americas for approximately $675 million. This transaction will add 624 hotels with more than 68,000 guestrooms to Choice Hotels' portfolio. The majority of these hotels are in the West Coast and Midwest markets. 

"Choice has a well-established history of smart acquisitions in new segments where our world-class franchising engine can spur future growth," said Patrick Pacious, President and CEO of Choice Hotels. "This transaction brings together two highly complementary businesses, enhancing our guest offerings in the core upper-midscale hospitality segments, while extending our reach into the upper-upscale and upscale full-service segments and in higher revenue geographic markets. We are confident that guests and franchisees will significantly benefit by combining these two exceptional sets of brands."

This purchase gives Choice Hotels acquisition over Radisson Americas’ franchise business, operations, and intellectual property, and gives Choice a chance to expand in the U.S., Canada, the Caribbean, and Latin America.

CEO of Radisson Hotel Group Federico J. González said, "We are confident that Choice Hotels is the owner with the right long-term strategy, resources, and management team to successfully accelerate the growth of the Radisson business in the Americas. Radisson Hotel Group will continue to leverage the strength of operational excellence to set our business in EMEA and APAC on a significant growth path with the aim of doubling the portfolio in those markets by 2025. Together with Choice, we will work to ensure that customers continue to experience the highest levels of service and a superior brand experience."

Read More

Leave a comment