Radisson Hotel Group

This article is about the hospitality group that owns hotel chains. For the namesake chains, see Radisson Hotels. For the former parent company, see Carlson (company). For the predecessor of Radisson Hospitality AB, see Rezidor Hotel Group.
Radisson Hospitality Belgium SRL/BV
Radisson Hotel Group[1]
FormerlyRadisson Hospitality, Inc.
Carlson Hotels, Inc.
Company typePrivate
IndustryHospitality
Founded1962[2]
Headquarters
Brussels
,
Belgium[3]
Number of locations
120 countries and territories[4] (2021)
Key people
Brands
RevenueIncrease$7.3 billion[6]
OwnerAplite Holdings AB (a consortium led by Jin Jiang of China)[7]
Number of employees
Over 100,000[4] (2021)
Subsidiaries
  • Radisson Hospitality AB
  • Radisson Hospitality Inc.
  • and others
Websiteradissonhotelgroup.com

Radisson Hotel Group is an international hospitality company that has its headquarters in Brussels, Belgium.[1] It originated as a division of Carlson Companies, which owned Radisson Hotels, Country Inns & Suites and other brands. In 1994, Carlson signed a franchise agreement with SAS International Hotels (SIH), after which SIH started to use the brand Radisson SAS in the Europe, Middle East and Africa markets. In 2005, Carlson acquired 25% of the shares of SIH, at that time known as Rezidor SAS Hospitality. In 2010, Rezidor Hotel Group (formerly Rezidor SAS) became a subsidiary of Carlson. The enlarged hotel group adopted a new trading name, Carlson Rezidor Hotel Group, which was one of the top hotel corporations in 2013.[8]

In 2016, Carlson Companies sold Carlson Rezidor Hotel Group to Chinese conglomerate HNA Group. In the fourth quarter of 2017, Carlson Hotels, Inc. (the holding company of the hotel group) was renamed Radisson Hospitality, Inc., while the listed subsidiary (Rezidor Hotel Group AB) was renamed Radisson Hospitality AB. In 2018, HNA Group re-sold Radisson to a consortium led by a multi-national hospitality company, Jin Jiang International.[7]

As of 2021, Radisson Hotel Group owns or operates nine hotel brands: Radisson Collection, Radisson Blu, Radisson, Radisson Red, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson and prizeotel. The loyalty program is known as Radisson Rewards.

In June 2022, Radisson Hotel Group agreed to sell Radisson Hotels Americas (consisting of the Radisson franchise agreements, operations and intellectual property in the United States, Canada, Latin America and the Caribbean) to Choice Hotels for $675 million.[9] The deal closed on August 11, 2022.[10]

  1. ^ Cite error: The named reference book was invoked but never defined (see the help page).
  2. ^ "Legal Notice". Radisson Hotel Group. Retrieved September 30, 2024.
  3. ^ a b "Radisson Hotel Group announces a record year in Africa, with 13 hotels and 2,500 rooms signed to date". Africanews. September 20, 2021. Retrieved October 1, 2021.
  4. ^ a b c "Raddison Hotel Group Executive Committee". Radisson Hotel Group. Retrieved 2021-02-06.
  5. ^ "Carlson Rezidor Hotel Group reports revenue growth and development strides in 2013 | Radisson Hospitality AB".
  6. ^ a b Cite error: The named reference takeover2018 was invoked but never defined (see the help page).
  7. ^ Webster, Craig (2016). "Hotel chains, globalisation, and politics". In Ivanova, Maya; Ivanov, Stanislav; Magnini, Vincent P. (eds.). The Routledge Handbook of Hotel Chain Management. Routledge (Taylor & Francis Group). ISBN 9781315752532.
  8. ^ "Choice Hotels International to Acquire Radisson Hotel Group Americas". Choice Hotels International - Media Center. Retrieved 2022-06-13.
  9. ^ "Choice Hotels International Completes Acquisition of Radisson Hotels Americas".