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 |
SEARCH BY
Try For Free 7-Day Free Trial
Category | Company |
---|---|
Founded | 1939 |
Sector | Restaurants |
Employees | 1,836 |
Revenue | 1.5B USD (2023) |
Choice Hotels is a hotel company that 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 founded 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 |
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 |
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 |