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Carlson Hotel Group Acquired by Chinese Conglomerate

​The end of April 2016, marked the end to more than 80 years of Carlson Hotel Group being a family owned hospitality company. Chinese conglomerate HNA Tourism Group acquired Carlson for an unreleased price, which includes at least a portion of Carlson's 51.3% stake in Rezidor Hotel Group. It is still unknown how much of Rezidor HNA will actually acquire, based on Swiss takeover laws. HNA Tourism Group is a Fortune Global 500 company with over $25 billion in revenues. HNA is predicted to expand Carlson's outreach especially with possible deals with HNA's airlines, and financial groups. Carlson Hotel Group's portfolio includes Radisson Blu, Country Inn & Suites, and Park Plaza. They have over 1,400 hotels in over 115 countries. These middle to luxury scale hotels have generated revenues of $7.3 billion. All while Carlson Wagonlit Travel, a business travel management company, generated over $24 billion in 2015. Carlson's headquarters will remain in Minnetonka, Minnesota, and CEO David Berg will remain in his position.

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