Radisson Hotel Group

{{Short description|International hospitality company}}

{{Outdated as of|2022|08|11}}

{{about|the hospitality group that owns hotel chains|the namesake chains|Radisson Hotels|the former parent company|Carlson (company)|the predecessor of Radisson Hospitality AB|Rezidor Hotel Group}}

{{Infobox company

| name = Radisson Hospitality Belgium SRL/BV

| logo = Radisson Hotel Group logo.svg

| trade_name = Radisson Hotel Group{{cite web|url=https://be.linkedin.com/company/radisson-hotel-group|title=Radisson Hotel Group|access-date=September 30, 2024|work=linkedin.com}}

| logo_size = 250

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| type = Private

| industry = Hospitality

| founded = 1962

| former_name = Radisson Hospitality, Inc.
Carlson Hotels, Inc.

| hq_location_city = Brussels

| hq_location_country = Belgium{{cite web|url=https://www.radissonhotels.com/en-us/impressum|title=Legal Notice|access-date=September 30, 2024|work=Radisson Hotel Group}}

| area_served =

| num_locations = 120 countries and territories

| num_locations_year = 2021

| num_employees = Over 100,000{{cite web|url=https://www.africanews.com/2021/09/20/radisson-hotel-group-announces-a-record-year-in-africa-with-13-hotels-and-2-500-rooms-signed-to-date/|title=Radisson Hotel Group announces a record year in Africa, with 13 hotels and 2,500 rooms signed to date |date=September 20, 2021|access-date=October 1, 2021|publisher=Africanews}}

| num_employees_year = 2021

| key_people = {{Plainlist|

  • Federico J. González Tejera{{cite web|url=https://www.radissonhotelgroup.com/radisson-hotel-group-executive-committee|title=Raddison Hotel Group Executive Committee|publisher=Radisson Hotel Group|access-date=2021-02-06}} (CEO)
  • Sergio Amodeo (CFO)
  • Chema Basterrechea (COO & EVP)

}}

| brands = {{ubl|Radisson Collection|Radisson Blu|Radisson|Radisson Red|Radisson Individuals|Park Plaza Hotels & Resorts|Park Inn by Radisson|{{nowrap|Country Inn & Suites by Radisson}}|Prize by Radisson|art’otel}}

| products=

| services =

| revenue ={{Increase}}$7.3 billion{{cite web | url=https://www.rezidor.com/news-releases/news-release-details/carlson-rezidor-hotel-group-reports-revenue-growth-and | title=Carlson Rezidor Hotel Group reports revenue growth and development strides in 2013 | Radisson Hospitality AB }}

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| owner = Aplite Holdings AB (a consortium led by Jin Jiang of China)

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| subsid = {{ubl|Radisson Hospitality AB| Radisson Hospitality Inc.|and others}}

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| website = {{url|radissonhotelgroup.com}}

| footnotes =

}}

Radisson Hotel Group is an international hospitality company that has its headquarters in Brussels, Belgium. It originated as a division of Carlson Companies, which owned Radisson Hotels, Country Inns & Suites and other brands. In 1994, Carlson signed a franchise agreement with SAS International Hotels (SIH), after which SIH started to use the brand Radisson SAS in the Europe, Middle East and Africa markets. In 2005, Carlson acquired 25% of the shares of SIH, at that time known as Rezidor SAS Hospitality. In 2010, Rezidor Hotel Group (formerly Rezidor SAS) became a subsidiary of Carlson. The enlarged hotel group adopted a new trading name, Carlson Rezidor Hotel Group, which was one of the top hotel corporations in 2013.{{cite book | editor-last=Ivanova | editor-first=Maya | editor-last2=Ivanov | editor-first2=Stanislav | editor-last3=Magnini | editor-first3=Vincent P. | title=The Routledge Handbook of Hotel Chain Management | publisher=Routledge (Taylor & Francis Group) | year=2016 | isbn=9781315752532 | url=https://www.routledge.com/The-Routledge-Handbook-of-Hotel-Chain-Management/Ivanova-Ivanov-Magnini/p/book/9781138805057|chapter=Hotel chains, globalisation, and politics|first=Craig|last=Webster}}

In 2016, Carlson Companies sold Carlson Rezidor Hotel Group to Chinese conglomerate HNA Group. In the fourth quarter of 2017, Carlson Hotels, Inc. (the holding company of the hotel group) was renamed Radisson Hospitality, Inc., while the listed subsidiary (Rezidor Hotel Group AB) was renamed Radisson Hospitality AB. In 2018, HNA Group re-sold Radisson to a consortium led by a multi-national hospitality company, Jin Jiang International.

As of 2021, Radisson Hotel Group owns or operates nine hotel brands: Radisson Collection, Radisson Blu, Radisson, Radisson Red, Radisson Individuals, Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson and prizeotel. The loyalty program is known as Radisson Rewards.

In June 2022, Radisson Hotel Group agreed to sell Radisson Hotels Americas (consisting of the Radisson franchise agreements, operations and intellectual property in the United States, Canada, Latin America and the Caribbean) to Choice Hotels for $675 million.{{Cite web |title=Choice Hotels International to Acquire Radisson Hotel Group Americas |url=http://media.choicehotels.com/2022-06-13-Choice-Hotels-International-to-Acquire-Radisson-Hotel-Group-Americas |access-date=2022-06-13 |website=Choice Hotels International - Media Center |language=en}} The deal closed on August 11, 2022.{{cite web | url=http://media.choicehotels.com/2022-08-11-Choice-Hotels-International-Completes-Acquisition-of-Radisson-Hotels-Americas | title=Choice Hotels International Completes Acquisition of Radisson Hotels Americas }}

History

=Predecessors=

{{see also|Carlson (company)|Rezidor Hotel Group|Radisson Hotels}}

Curt Carlson, founder of the namesake company, bought Radisson Hotel in downtown Minneapolis in 1962{{cite news|url=https://www.latimes.com/archives/la-xpm-1999-feb-22-mn-10529-story.html|title=Curtis Carlson; Owner of Radisson Hotels|date=February 22, 1999|access-date=January 18, 2019|newspaper=Los Angeles Times|type=obituary}}{{cite journal|title=Carlson Companies, Inc.|journal=International Directory of Company Histories|volume=181|date=2016|orig-year=previous versions of the article were published in vol.6, 22 and 87|publisher=St. James Press (Gale, Cengage Learning group)|location=Farmington Hills, Michigan|first1=Elisabeth|last1=Rourke|first2=David E.|last2=Salamie|first3=Kathleen|last3=Peippo|first4=Carrie|last4=Rothburd|isbn=978-1-55862-955-4|editor-first=Jay P.|editor-last=Pederson}}{{rp|90}} (Radisson Hotel Group claimed it was 1960).{{cite web|url=https://www.radissonhotelgroup.com/history-heritage|title=History & Heritage|date=c. 2018|access-date=January 20, 2019|publisher=Radisson Hotel Group}} 40 years later, the hotel division of Carlson had expanded into one of the top hotel corporations, as of 2013. On top of Radisson Hotels, the division also owned several other brands, such as Park Inn, Park Plaza (acquired in 2000), Country Inns & Suites (founded by Carlson in 1986), etc. The division acquired the brand Regent in 1997, but sold the brand in 2010.

In 1994, the division expanded into Europe, the Middle East and Africa markets (EMEA) by signing a franchise agreement with SAS Group's SAS International Hotels (SIH). SIH would use Carlson's brand Radisson in EMEA.{{cite news|url=https://www.nytimes.com/1994/08/12/business/company-news-radisson-and-sas-form-hotel-pact.html|title=Radisson and SAS Form Hotel Pact|date=August 12, 1994|access-date=January 17, 2019|orig-year=digitalized on n.d.|newspaper=The New York Times|first=Edwin|last=McDowell}} The agreement gave birth of the co-brand Radisson SAS, which became Radisson Blu since 2009. SAS International Hotels, later known as Rezidor SAS Hospitality in 2001 and then Rezidor Hotel Group in 2006, had expanded into a hotel group that consisted of more than 320 hotels as of 2008.{{cite news|url=https://www.ft.com/content/9f3ee922-f97a-11dc-9b7c-000077b07658|title= Kurt Ritter: Tricks of a half-century in hospitality |date=March 27, 2008|access-date=January 17, 2019|newspaper=Financial Times|location=London|first=Roger|last=Blitz|type=news report and interview|url-access=limited}}

The franchise agreement was renewed in 2002 and again in 2005. The 2002 deal added Park Inn, Regent and Country Inns into the agreement, while in 2005 agreement, Carlson purchased 25% shares of Rezidor SAS from SAS Group. The 2005 franchise agreement would last until year 2052.{{Cite web |title=Rezidor SAS Hospitality And Carlson Hotels Worldwide Complete Strategic Agreement |url=https://www.hospitalitynet.org/news/4023756.html |access-date=2023-01-10 |website=Hospitality Net |language=en-us}}

Rezidor Hotel Group also had other brands, such as Hotel Missoni, which was licensed from Missoni.

=Carlson Rezidor Hotel Group=

File:Carlson rezidor hotel group logo.jpg

Rezidor Hotel Group, formerly Rezidor SAS, became a listed company in 2006.{{rp|380}}{{cite press release|url=https://www.businesswire.com/news/home/20061128005480/en/OMX-Rezidor-Hotel-Group-Listed-Nordic-Exchange|title= OMX: Rezidor Hotel Group Listed on the Nordic Exchange |date=November 28, 2006|access-date=January 17, 2019|publisher=OMX; Rezidor Hotel Group|agency=Business Wire|location=Sweden}}{{cite press release|url=https://www.sasgroup.net/en/sas-group-announces-publication-of-prospectus-ipo-timetable-and-price-range-for-the-listing-of-rezidor-hotel-group-ab-publ-2/|title=SAS Group Announces publication of Prospectus, IPO Timetable and Price Range for the Listing of Rezidor Hotel Group AB (publ)|date=November 13, 2006|access-date=January 17, 2019|publisher=SAS Group}} SAS Group ceased to be the shareholder of Rezidor Hotel Group in 2007,{{cite journal|title=Rezidor Hotel Group AB|date=2010|volume=118|editor-first=Jay P.|editor-last=Pederson|journal=International Directory of Company History|publisher=St. James Press (Gale, Cengage Learning group)|first=M. L.|last=Cohen|isbn=978-1-4144-4729-2|location=Farmington Hills, Michigan}}{{rp|380}}{{cite press release|url=https://www.sasgroup.net/en/sas-group-sells-remaining-shareholding-in-rezidor-to-carlson-companies/|title=SAS Group sells remaining shareholding in Rezidor to Carlson Companies|date=May 25, 2007|access-date=January 17, 2019|publisher=SAS Group}} while Carlson, a significant shareholder of Rezidor SAS since 2005, became the parent company of Rezidor Hotel Group in 2010.{{cite news|url=https://www.bizjournals.com/twincities/stories/2010/05/17/daily29.html|title=Carlson ups stake in Rezidor Hotel Group |date=May 19, 2010|access-date=January 17, 2019|newspaper=Minneapolis/St. Paul Business Journal|publisher=American City Business Journals|first=Katharine|last=Grayson}}

Since January 2012, the enlarged hotel group was trading as Carlson Rezidor Hotel Group.{{cite news|url=https://www.reuters.com/article/us-carlson-rezidor/carlson-rezidor-to-operate-hotels-under-one-name-idUSTRE80H1WW20120118|title=Carlson, Rezidor to operate hotels under one name|date=January 19, 2012|access-date=January 17, 2019|work=Reuters|first1=Mike|last1=Spector|first2=Jessica|last2=DiNapoli|location=New York City}} In February 2014, Carlson Rezidor terminated the license agreement of Hotel Missoni.{{cite news|url=https://www.citmagazine.com/article/1281524/carlson-rezidor-terminates-missoni-contract-unveils-new-brands|title=Carlson Rezidor terminates Missoni contract and unveils new brands|date=February 19, 2014|access-date=January 29, 2019|website=citmagazine.com|publisher=Haymarket Media Group|first=Susie|last=Harwood}} Carlson Rezidor's Hotel Missoni Edinburgh and Hotel Missoni Kuwait would cease to use the brand Hotel Missoni not later than June 30, 2014.{{cite press release|url=https://www.radissonhospitalityab.com/news-releases/news-release-details/rezidor-hotel-group-and-missoni-terminate-licence-agreement|title=Rezidor Hotel Group and Missoni terminate licence agreement for Hotel Missoni|date=February 18, 2014|access-date=January 29, 2019|publisher=Rezidor Hotel Group|location=Brussels; Milan}} In the same month, two new brands of the group were introduced, namely Quorvus Collection and Radisson Red.{{cite news|url=https://www.bizjournals.com/twincities/news/2014/02/18/carlson-launches-radisson-red-quorvus.html|title=Carlson launches two new hotel brands |date=February 14, 2014|access-date=January 29, 2019|newspaper=Minneapolis/St. Paul Business Journal|publisher=American City Business Journals|first1=John|last1=Vomhof Jr.|first2=Jim|last2=Hammerand}}

In March 2016, Carlson Rezidor acquired a 49% stake in German hotel chain prizeotel, for €14.7 million, with a future right to acquire the remaining 51% of the shares.{{cite press release|url=https://www.radissonhospitalityab.com/news-releases/news-release-details/rezidor-enters-economy-segment-through-acquisition-prizeotel-001|title=Rezidor enters economy segment through acquisition of prizeotel|date=March 6, 2016|access-date=January 18, 2019|publisher=Rezidor Hotel Group}}[https://www.hotelbusiness.com/rezidor-enters-economy-segment-with-acquisition-of-prizeotel/ Rezidor Enters Economy Segment With Acquisition of Prizeotel] (On October 4, 2019, Radisson announced that it was purchasing the remaining 51% of prizeotel.[https://www.radissonhospitalityab.com/news-releases/news-release-details/radisson-hospitality-ab-completes-acquisition-prizeotel Radisson buys the remaining shares of prizeotel]) In April 2016, Carlson Rezidor Hotel Group was sold to HNA Tourism Group, a division of Chinese conglomerate HNA Group.{{cite news|url=https://uk.reuters.com/article/us-carlson-hotels-m-a-hna-idUKKCN0XP011|archive-url=https://web.archive.org/web/20160429125646/http://uk.reuters.com/article/us-carlson-hotels-m-a-hna-idUKKCN0XP011|url-status=dead|archive-date=April 29, 2016|title=China's HNA Group agrees to buy Carlson Hotels |date=April 28, 2016|access-date=January 17, 2019|work=Reuters|location=Shanghai; Hong Kong|first1=Adam|last1=Jourdan|first2=Denny|last2=Thomas}}{{cite news|url=https://www.wsj.com/articles/chinas-hna-to-buy-carlson-rezidor-hotel-group-1461797802|title=China's HNA to Buy Carlson Rezidor Hotel Group|newspaper=The Wall Street Journal|location=New York City|first= Wayne|last1=Ma|first2=Kane|last2=Wu|first3=Josh|last3=Beckerman|url-access=limited|date=April 28, 2016|access-date=January 19, 2018}} The loyalty programs: HNA Group and Hainan Airlines' Fortune Wings Club and Radisson's Radisson Rewards, signed a partnership agreement in June 2018.{{cite press release|url=https://www.radissonhotelgroup.com/uploads/newsroom/2018/CHN%20Rewards%20Hainan%20Airlines.pdf|script-title=zh:丽笙酒店集团与海南航空展开战略合作 |date=June 27, 2018|access-date=January 29, 2019|publisher=Radisson Hotel Group|language=zh-hans|location=Batam|title=Welcome to Radisson Hotel Group }}

=Radisson Hotel Group=

In the fourth quarter of 2017, Carlson Hotels, Inc. (the US-based holding company of Carlson Rezidor Hotel Group) was renamed Radisson Hospitality, Inc., while the Brussels-based Swedish-listed subsidiary (Rezidor Hotel Group AB) was renamed Radisson Hospitality AB in May 2018.{{cite press release|url=https://www.radissonhotelgroup.com/media_press-releases&article=rezidor-hotel-group-ab-publ-renames-to-radisson-hospitality-ab-publ|title=Rezidor Hotel Group AB (publ) renames to Radisson Hospitality AB (publ)|date=May 7, 2018|access-date=January 20, 2019|publisher=Radisson Hospitality AB|location=Brussels; Stockholm}} The whole group received a new trading name – Radisson Hotel Group.{{cite news|url=http://www.xinhuanet.com/english/2018-03/06/c_137018642.htm|archive-url=https://web.archive.org/web/20180306031624/http://www.xinhuanet.com/english/2018-03/06/c_137018642.htm|url-status=dead|archive-date=March 6, 2018|title= China's HNA renames Carlson Rezidor as Radisson Hotel Group |date=March 6, 2018|access-date=January 17, 2019|agency=Xinhua News Agency|location=Berlin|publication-place=Beijing}} The Club Carlson customer loyalty program was renamed Radisson Rewards.{{cite press release|url=https://www.radissonhotelgroup.com/uploads/Brand%20Resources/RHG/Radisson%20Rewards%20Press%20Release%20-%20FINAL.pdf|title=Radisson Rewards is Radisson Hotel Group's refreshed loyalty|date=March 8, 2018|access-date=January 20, 2019|publisher=Radisson Hotel Group|location=Brussels; Minneapolis; Singapore}}

In August 2018, Radisson Hotel Group was sold to Aplite Holdings AB, a consortium led by a Chinese state-owned hospitality company, Jin Jiang International.{{cite news|url=https://www.reuters.com/article/us-hna-radisson-hotel-sale/hna-sells-radisson-holdings-to-jin-jiang-led-consortium-idUSKBN1KV0U7|title=HNA sells Radisson Holdings to Jin Jiang-led consortium|date=August 10, 2018|access-date=January 17, 2019|work=Reuters|location=Hong Kong|first=Kane|last=Wu}}{{cite press release|url=https://www.radissonhotelgroup.com/media_press-releases&article=radisson-hospitality-inc-issues-statement-following-completion-of-acquisition-by-jin-jiang-international-holdings-co-ltd|title=Radisson Hospitality, Inc. Issues Statement Following Completion of Acquisition by Jin Jiang International Holdings Co., Ltd. |date=November 13, 2018|access-date=January 17, 2019|publisher=Radisson Hospitality, Inc. (Radisson Hotel Group)|location=Minneapolis; Singapore}} According to the press release, Radisson Hotel Group had more than 1,400 hotels in operation and under development at that time. As of December 2017, the listed subsidiary Rezidor Hotel Group AB had been operating 369 hotels.{{cite book|url=https://www.radissonhospitalityab.com/static-files/b984b440-b405-41d3-8d0f-7e4da9152304|title=Annual Report 2017|date=2018|access-date=January 18, 2019|publisher=Rezidor Hotel Group|format=PDF}}{{rp|3}}

In June 2022, the Radisson Hotel Group agreed to sell Radisson Hotels Americas, consisting of the Radisson franchise agreements, operations and intellectual property in the United States, Canada, Latin America and the Caribbean to Choice Hotels for $675 million.{{Cite web |title=Choice Hotels International to Acquire Radisson Hotel Group Americas |url=http://media.choicehotels.com/2022-06-13-Choice-Hotels-International-to-Acquire-Radisson-Hotel-Group-Americas |access-date=2022-06-13 |website=Choice Hotels International - Media Center |language=en}} The deal closed on August 11, 2022.{{cite web | url=http://media.choicehotels.com/2022-08-11-Choice-Hotels-International-Completes-Acquisition-of-Radisson-Hotels-Americas | title=Choice Hotels International Completes Acquisition of Radisson Hotels Americas }}

Brands

As of 2024, the Radisson Hotel Group operates properties under the following brands:[https://www.radissonhotels.com/en-us/corporate radissonhotels.com - Corporate]. Retrieved 24 April 2024.

Radisson also operated hotels under the brand Regent Hotels & Resorts, which was sold in 2010, and as Hotel Missoni under a master license agreement that was mutually terminated in 2014.{{Cite web |title=Rezidor Hotel Group and Missoni Terminate Licence Agreement for Hotel Missoni |url=https://www.hotelnewsresource.com/article76498.html |access-date=2025-04-10 |website=www.hotelnewsresource.com}} with the two Hotel Missoni properites rebranding under Quorvus Collection.

=<span id="Radisson Collection"></span> Radisson Collection=

File:Radisson Collection logo.svg

Radisson Collection was formerly known as Quorvus Collection from 2014 to 2018.{{cite news|url=http://www.hoteliermiddleeast.com/33162-rhgs-new-radisson-collection-to-replace-quorvus-collection/|title=RHG's new Radisson Collection to replace Quorvus Collection|date=March 6, 2018|access-date=January 20, 2019|website=hoteliermiddleeast.com|publisher=ITP Digital Media}} Quorvus Collection was introduced in 2014 as a luxury brand. The first hotel of the former Rezidor Hotel Group in Copenhagen was converted to use the Radisson Collection brand.{{cite news|url=https://www.telegraph.co.uk/travel/destinations/europe/denmark/copenhagen/articles/inside-the-radisson-royal-hotel-copenhagen/|title= Return of a modernist masterpiece: the welcome revival of Copenhagen's Radisson Royal |date=March 27, 2018|access-date=February 4, 2019|newspaper=The Telegraph|location=London|first=Mark C.|last=O'Flaherty}}

=<span id="Country Inn"></span> Country Inn & Suites by Radisson=

File:Country Inn & Suites Radisson logo.svg

Country Inn & Suites by Radisson, formerly Country Inns & Suites by Carlson and Country Inns by Carlson, is a hotel chain of the Radisson Hotel Group (former Carlson Hotels).{{cite web |title=Country Inn Suites |url=https://country-inn-suites.com/}} It was established by the former Carlson Hotels' owner, Carlson Companies in 1986 as a "middle-class" brand.{{rp|92}} The sister brand, Radisson Hotels was classified as full-service, upscale brand of the group.{{rp|92}} Carlson Companies also owned the namesake, Country Kitchen restaurant chain at that time.{{rp|90–91}}

In January 2018, two years after Carlson sold Carlson–Rezidor hotel group to HNA Group, the chain was rebranded into "Country Inn & Suites by Radisson".{{cite press release|url=https://www.radissonhotelgroup.com/media_press-releases&article=country-inns-suites-by-carlson-announces-name-change-to-country-inn-suites-by-Radisson|title=Country Inns & Suites By Carlson Announces Name Change to Country Inn & Suites by Radisson|date=January 17, 2018|access-date=January 20, 2019|publisher=Carlson Rezidor Hotel Group|location=Minneapolis|archive-date=February 24, 2020|archive-url=https://web.archive.org/web/20200224003742/https://www.radissonhotelgroup.com/media_press-releases%26article%3Dcountry-inns-suites-by-carlson-announces-name-change-to-country-inn-suites-by-Radisson|url-status=dead}}

See also

  • PPHE Hotel Group – licensee of Park Plaza brand in Europe and the Middle East regions; PPHE Hotel Group also owns art'otel and other brands, and participated in Radisson Hotel Group's loyalty program, Radisson Rewards.{{cite web|url=https://www.pphe.com/about/radisson-hotel-group|title=Radisson Hotel Group|publisher=PPHE Hotel Group|access-date=January 29, 2019}}

References

{{reflist}}