M&A Deal Summary

Choice Hotels Acquires Radisson Hotels Americas

On June 13, 2022, Choice Hotels acquired leisure company Radisson Hotels Americas from Radisson Hotel Group for 675M USD

Acquisition Highlights
  • This is Choice Hotels’ 2nd transaction in the Leisure sector.
  • This is Choice Hotels’ largest (disclosed) transaction.
  • This is Choice Hotels’ 3rd transaction in the United States.
  • This is Choice Hotels’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-06-13
Target Radisson Hotels Americas
Sector Leisure
Buyer(s) Choice Hotels
Sellers(s) Radisson Hotel Group
Deal Type Divestiture
Deal Value 675M USD

Target

Radisson Hotels Americas

St Louis Park, Minnesota, United States
website
Radisson Hotels Americas represents Radisson Hotels operations and brands in the United States, Canada, Latin America, and the Caribbean. The Radisson Hotel Group Americas portfolio of brands includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Radisson Inn & Suites, Park Plaza, Park Inn by Radisson, and Country Inn & Suites by Radisson, brought together under the overarching Radisson Hotels Americas name. Radisson Hotels Americas is based in St Louis Park, Minnesota.

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Buyer(S) 1

Buyer

Choice Hotels

Rockville, Maryland, United States

website

Category Company
Founded 1939
Sector Restaurants
Employees1,789
Revenue 1.4B USD (2022)
DESCRIPTION

Choice Hotels is an hotel company operates over 6,500 hotels franchised in more than 40 countries and territories, Choice Hotels International represents more than 500,000 rooms around the globe. As of September 30, 2017, over 800 hotels were in our development pipeline. Our company's Ascend Hotel Collection®, Cambria® Hotels, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge®, Rodeway Inn®, and Vacation Rentals by Choice Hotels™ brands provide a spectrum of lodging choices to meet guests' needs. Choice Hotels was incorporated in 1939 and is based in Rockville, Maryland.

DEAL STATS #
Overall 3 of 3
Sector (Leisure) 2 of 2
Type (Divestiture) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 WoodSpring Hotels Holdings - WoodSpring Suites Brand and Franchise Business

Wichita, Kansas, United States

WoodSpring Hotels Holdings LLC - WoodSpring Suites Brand and Franchise Business includes 240 extended-stay hotels in 35 states to the Choice Hotels portfolio, creating an extended-stay portfolio of more than 350 properties with existing brands, MainStay Suites and Suburban Extended Stay.

Buy $231M

Seller(S) 1

SELLER

Radisson Hotel Group

Brussels, Belgium

website

Category Company
Sector Leisure
DESCRIPTION

Radisson Hotel Group is an operator of a hotel group with nine distinctive brands, more than 1,700 hotels in operation and under development, more than 260,000 rooms, and a footprint spanning over 120 countries and territories. 100,000+ global team members work for the Radisson Hotel Group and at the hotels licensed to operate in its systems. Radisson Hotel Group is based in Brussels, Belgium.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
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