China's state-owned hospitality group Jin Jiang International Holdings Co is weighing a bid for HNA Group Co's Minneapolis-based Radisson Hotel Group, Bloomberg reported on Thursday August 2, citing sources.
HNA could get at least $2 billion from a sale of Radisson, which may also attract other bidders, Bloomberg said.
Hotel Acquisitions
HNA Tourism Group, part of HNA Group, bought US-based Carlson Hotels Inc in 2016 for an undisclosed sum, with hotel brands Radisson, Park Plaza, Country Inns & Suites part of the deal.
Radisson Hotel Group was not immediately available for comment.
News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.
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