China’s HNA Group to buy Carlson Hotels at undisclosed price

BEIJING - A unit of China’s HNA Group Co – HNA Tourism Group Co – has agreed to purchase  Carlson Hotels Inc,, acquiring brands as Radisson and Park Plaza as the global lodging industry consolidates. HNA Tourism Group Co will acquire Carlson and its 51.3% stake in Rezidor Hotel Group AB, Carlson's Brussels-based master licensee for Europe, the Middle East and Africa, and may begin a takeover offer for all of Rezidor, the companies said.

Financial terms of the transaction have not yet been disclosed. Carlson's hotel group could gain about US$2 billion in a sale.