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Carlson Hospitality Sell Out to Chinese Group

Category: Hotels, Posted:29 Apr 2016 | 14:27 pm

The China syndrome is continuing to make hotel headlines on news that the Carlson Hospitality Group has entered into a sales agreement with the Chinese conglomerate HNA.

Carlson’s brand stable includes Radisson, Park Plaza and Inns and Country Inns and Suites.

While no details of the deal are available as Carlson is a privately held company, industry estimates have topped the USD2 billion level.

The transaction comes at time when ACCOR is in the process of finalizing the Fairmont Raffles transaction and the Marriott Starwood (Marwood) marriage is in the process of completing.

Two hotel groups that are now in the spotlight are Hyatt and IHG in what is becoming a race to eat or be eaten. Meanwhile industry speculation remains high on a possible Kempinski move in the very near future.

 

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REMINDER Online Thailand Event This Week

Category: Real estate, Posted:20 Jul 2021 | 15:15 pm Give us one-hour this Thursday and we will give you a complete rundown on Thailand’s resort real estate sector including special insight into hotel-branded residences, co-living, tech strategies, integrated resort communities, and lifestyle property. Check out the latest data on Phuket, Koh Samui, Hua Hin and Pattaya. Sign up now for this free online event. Sign up
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Outrigger Buys Three Hotels in Thailand

Category: Hotels, Posted:19 Jul 2021 | 09:12 am The US-based Outrigger Hospitality Group has bought three hotels in Phuket, Koh Samui and Khao Lak. A portfolio deal, the properties had been under Manathai and will be converted to Outrigger. The new names of the hotels will be Outrigger Koh Samui Beach Resort, Outrigger Khao Lak Beach Resort and Phuket Manathai by Outrigger. Given […]
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All The Jazz. It’s Saturday Video Updates

Category: Tourism, Posted:17 Jul 2021 | 12:20 pm One of the positives of the pandemic is seeing spirited entrepreneurs recreate their business models. We are presenting a story form Phuket about how a furniture factory owner got out of the box and created an entirely new handcrafted business. Made in Phuket. Surfskate with Island Boards We also have a full video of last […]