ROCKVILLE, MD — Choice Hotels International has officially acquired Radisson Hotels Americas for approximately US$675 million.
The deal includes the franchise business, operations and intellectual property of Radisson Hotels Americas from Radisson Hotel Group, inclusive of the real estate value of three owned hotels.
With this deal, Choice Hotels has added approximately 67,000 rooms in the U.S., Canada, Latin America and the Caribbean to its portfolio, expanding its presence in the higher revenue and upscale full-service segments and bolstering its core upper-midscale hospitality segment, particularly in the West Coast and Midwest of the United States.
Choice Hotels will independently own and control Radisson Hotels Americas’ brands in the Americas, including: Radisson Blu; Radisson; Radisson Individuals; Park Plaza; Radisson RED; Country Inn & Suites by Radisson; Park Inn by Radisson; Radisson Inn & Suites; and Radisson Collection.
The close of the transaction is not expected to change Choice Hotels’ current capital allocation strategy related to dividend payment policy and planned share repurchases.