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Announced

Completed

Choice Hotels completed the acquisition of Radisson Hotel Group Americas for $675m.

Financials

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Transaction Value£548m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

hotels operating

Acquisition

Friendly

Majority

United States

Domestic

Hotels and Motels

Single Bidder

Completed

Synopsis

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Choice Hotels, a hotels operator, completed the acquisition of Radisson Hotel Group Americas, an operator of an international hospitality company, for $675m. "Choice has a well-established history of smart acquisitions in new segments where our world-class franchising engine can spur future growth. This transaction brings together two highly complementary businesses, enhancing our guest offerings in the core upper-midscale hospitality segments, while extending our reach into the upper upscale and upscale full-service segments and in higher revenue geographic markets. We are confident that guests and franchisees will significantly benefit by combining these two exceptional sets of brands," Patrick Pacious, Choice Hotels President and CEO.

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