Rezidor Hotel Group

For one of the hotel chains the listed company owned, see Radisson SAS. For full coverage of the successor, Radisson Hospitality AB, see Radisson Hotel Group.

Rezidor Hotel Group AB
Formerly
  • SAS International Hotels
  • Rezidor SAS Hospitality
Company typelisted Subsidiary
Nasdaq Stockholm: REZT
ISINSE0001857533
IndustryHospitality
Founded
1960 in Copenhagen(first hotel of SAS Group)
1985 in Sweden(as subsidiary)
2006 in Sweden(as listed company)
FounderSAS Group
Defunct2018
FateRenamed as Radisson Hospitality AB (part of Radisson Hotel Group)
SuccessorRadisson Hospitality AB
Headquarters
Stockholm, Sweden(registered office)
Brussels, Belgium(de facto)
Number of locations
Increase 369 hotels (2017)
Area served
78 countries of the world
Key people
辛笛; 'Xin Di'(Chairman)
Federico J. González Tejera(President and CEO)
ServicesLodging
RevenueIncrease €967 million (2017)
Increase €015 million (2017)
Decrease €004 million (2017)
Total assetsIncrease €513 million (2017)
Total equityDecrease €254 million (2017)
OwnerCarlson Hotels, Inc. (69.7%)
Number of employees
Decrease 5,033 (2017)
Parent
  • Carlson Hotels, Inc.
  • (trading as Carlson Rezidor Hotel Group)
RatingB1 (Moody's, June 2018)[1]
Websiterezidor.com
Footnotes / references
source: annual report (consolidated financial statements and other pages)[2]

Rezidor Hotel Group AB, originally SAS International Hotels A/S and then Rezidor SAS Hospitality A/S,[3] Rezidor SAS Hospitality Group AB (publ),[4] was a listed hotel group company. Originally founded by Scandinavian conglomerate SAS Group as a hotel in 1960, it became a listed company in 2006. The global headquarters of Rezidor relocated to Brussels, Belgium, circa 1989. The listed company managed hotel chains under brands such as Radisson SAS (now Radisson Blu), Park Inn, and Country Inns & Suites. The brands were franchised from American hospitality and travel conglomerate Carlson Companies from 1994 (the Radisson brand) and 2002 (the other brands) respectively. In 2005, Carlson Companies acquired 25% of the shares of Rezidor Hotel Group from SAS Group. In 2007, SAS Group ceased to be a shareholder of the company.

In 2010, Carlson Companies acquired control (more than 50.1% shares) of the listed company. In 2012, Rezidor Hotel Group started to integrate with the direct parent company (Carlson Hotels, Inc.), with both companies collectively known as Carlson Rezidor Hotel Group. Carlson Rezidor was one of the top hotel corporations in 2013.[5] Carlson Hotels, Inc. and its subsidiaries, including Rezidor Hotel Group, were sold to Chinese conglomerate HNA Group in 2016. Rezidor Hotel Group AB was then renamed to Radisson Hospitality AB. The direct parent company (Carlson Hotels, Inc.) became Radisson Hospitality, Inc., and the whole hotel group received a new trading name – Radisson Hotel Group. In 2018, Radisson Hotel Group was re-sold to a consortium led by Jin Jiang International of China.

  1. ^ "Rating Action: Moody's rates Radisson Hospitality B1; stable outlook" (Press release). London: Moody's Investors Service. June 25, 2018. Retrieved January 20, 2019.
  2. ^ Annual Report 2017. Rezidor Hotel Group. 2018. Retrieved January 18, 2019.
  3. ^ https://www.nyemissioner.se/files/rights-issues/1800/prospekt.pdf [bare URL PDF]
  4. ^ https://mb.cision.com/wpyfs/00/00/00/00/00/08/8A/7B/wkr0010.pdf [bare URL PDF]
  5. ^ Cite error: The named reference Ivanova Ivanov Magnini 2016 was invoked but never defined (see the help page).