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

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.