Speculation over Carlson Companies exploring sale or merger
Carlson Companies, the parent of Carlson Rezidor Hotel Group and Carlson Wagonlit Travel, is reportedly exploring a sale or merger of its hotel business.
The Wall Street Journal reports it has instructed Morgan Stanley to proceed with sounding out potential suitors.
Carlson Rezidor operates about 1,100 hotels globally.
Its brands include the Quorvus Collection, Radisson Hotels, Country Inns & Suites, and Park Plaza Hotels.
Carlson’s hotel business generated about $7.8 billion in revenue in 2014.
Minnesota-based Carlson also operates business travel management giant Carlson Wagonlit Travel.
The company is aware of the speculation but declined to comment.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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