HNA Tourism Group Co., Ltd. and Carlson Hospitality Group, Inc. yesterday announced they have entered an agreement, for the acquisition of Carlson Hotels, Inc., which owns the Quorvus Collection, Radisson Blu, Radisson, Radisson RED, Park Plaza, Park Inn by Radisson, Country Inns & Suites By Carlson brands and the Club Carlson global hotel rewards program.
Interstate Hotels & Resorts and Kohlberg & Company LLC, a private equity firm headquartered in New York, today announced that Kohlberg has acquired Interstate from Thayer Lodging and Jin Jiang International Hotels.
Interval Leisure Group, Inc. (Nasdaq:IILG)and Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) on Friday announced a brief delay in the planned closing of ILGs acquisition of Starwoods vacation ownership business, Vistana Signature Experiences, while both companies work to avoid unnecessary tax withholding under the Foreign Investment in Real Property Tax Act.
Hersha Hospitality Trust (NYSE: HT) announced the Company has closed on the joint venture for seven of the Companys premium limited service hotels in Manhattan with Cindat Capital Management Limited for a total purchase price, including closing and capital improvement costs, of $571.4 million, or $526,000 per key.
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