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China's HNA explores sale of Radisson Hotel Group

07/02/2018| 8:49:47 AM| 中文

HNA has been gauging interest from rival hotel chains and other potential buyers of the Minneapolis-based company, said the people who asked to not be identified.

HNA Group, the Chinese conglomerate selling assets to pay down debt, is exploring a sale of Radisson Hotel Group, according to people familiar with the matter.

HNA has been gauging interest from rival hotel chains and other potential buyers of the Minneapolis-based company, said the people, who asked to not be identified because the matter isn’t public. There is no certainty the talks will lead to a sale, they said.

John Kidd, chief executive of Radisson’s operations in the Americas and Asia Pacific, said in a statement, "Any additional questions about a potential sale would need to be answered by HNA.”

HNA acquired Radisson in 2016, when it was called Carlson Hotels.

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TAGS: HNA Group | Radisson Hotel
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