Choice Hotels International has agreed to acquire Radisson Hotel Group Americas in a transaction valued at approximately $675m.

The deal includes acquisition of RHG’s franchise business, operations and intellectual property in US, Canada, the Caribbean and Latin America.

It is inclusive of the real estate value of three owned assets.

The transaction amount will be funded in cash on hand and as revolver borrowings.

RHG Americas comprises of 624 hotels including one Park Plaza, ten Radisson Blu, four Radisson RED, 130 Radisson, nine Radisson Individuals, 453 Country Inn & Suites by Radisson and 17 Park Inn by Radisson, Radisson Inn & Suites and Radisson Collection.

Under this deal, Choice will own and control all RHG brands in the Americas.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to Choice Hotels, this transaction will not change its current capital allocation strategy related to planned share repurchases and dividend payment policy.

Approved by the Choice Hotels’ Board of Directors, the deal is anticipated to close in the second half of 2022, along with other customary closing requirements and pending regulatory approvals.

RHG’s legal advisor for the transaction is Baker McKenzie, while Choice Hotels’ legal advisor is Willkie Farr & Gallagher and financial advisor is Credit Suisse Securities.

RHG CEO Federico González said: “We have achieved strong results, doubling the number of rooms signed per year in EMEA and APAC, confirming Radisson Blu as the largest upper-upscale brand for over ten years and establishing Radisson as the upscale brand with the largest growth in EMEA.

“Radisson Hotel Group will continue to leverage the strength of operational excellence to set our business in EMEA and APAC on a significant growth path with the aim of doubling the portfolio in those markets by 2025.”