Jin Jiang International Holdings Co., Ltd. led international consortium, including SINO-CEE Fund, has, through Aplite Holdings, completed the acquisition of 50.21 percent of the shares in Radisson Hospitality. The completion of the acquisition was subject to receipt of regulatory approvals and other customary closing conditions which have already been met.
Commenting on the development, John M. Kidd, Chief Executive Officer and Chief Operating Officer for Radisson Hospitality, Inc., said, “This marks yet another incredible milestone in our company’s storied history and one that I’m confident will elevate Radisson Hotel Group to a new level of strength as a global leader in the hospitality industry. When we announced our re-branding earlier this year to Radisson Hotel Group, we shared our vision for the company, which was to be the company of choice for guests, owners and talent.
Furthermore, he said, “The consortium led by Jin Jiang will work with us to improve and execute our five-year plan, while continuing to deliver outstanding customer and guest service.”
Radisson Hospitality, Inc., also known as Radisson Hotel Group, is a privately held global hospitality company headquartered in Minneapolis, Minnesota (USA). The company owns and operates hotel brands that include Radisson Collection™, Radisson Blu®, Radisson®, Radisson RED®, Park Plaza®, Park Inn® by Radisson, Country Inn & Suites® by Radisson along with Radisson Rewards, its global loyalty program. It boasts of a portfolio of 1,400 hotels in operation and under development with footprint spanning 115 countries and territories.
