associate sponsors

Havells
HDFC

Radisson owner explores sale of hotel business - Wall Street Journal | Reuters

Radisson hotels owner Carlson Cos Inc is exploring strategic alternatives for its hotel business, including a sale, the Wall Street Journal reported on Thursday.

A merger or a partnership are the other alternatives the company is exploring, the Journal reported, citing people familiar with the matter.

Carlson was not immediately available for comment.

Carlson Rezidor Hotel Group, which has 1,370 hotels in operation and under development, includes Radisson Hotels, Park Plaza Hotels and Country Inns and Suites.

Minnetonka, Minnesota-based Carlson has hired Morgan Stanley to run the process, WSJ said.

Carlson's hotel business had revenue of about $7.8 billion in 2014.

Carlson Wagonlit Travel (CWT), the company's travel management business, generated revenue of $27 billion in 2014.

(Reporting by Arunima Banerjee in Bengaluru; Editing by Kirti Pandey and Sriraj Kalluvila)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Jan 22, 2016 01:45 AM

Also Watch

Social Media Star: Abhishek Bachchan, Varun Grover reveal how they handle selfies, trolls and broccoli
  • Monday, July 16, 2018 It's a Wrap: Soorma star Diljit Dosanjh and Hockey legend Sandeep Singh in conversation with Parul Sharma
  • Monday, July 16, 2018 Watch: Dalit man in Uttar Pradesh defies decades of prejudice by taking out baraat in Thakur-dominated Nizampur village
  • Monday, July 16, 2018 India's water crisis: After govt apathy, Odisha farmer carves out 3-km canal from hills to tackle scarcity in village
  • Sunday, July 15, 2018 Maurizio Sarri, named as new Chelsea manager, is owner Roman Abramovich's latest gamble in quest for 'perfect football'

Also See