Choice Hotels International Completes Acquisition of Radisson Hotels Americas

Printed: Aug. 11, 2022 at 9:46 AM EDT|Updated: 9 hrs in the past

Unites really complementary hospitality businesses, including nine brands and 67,000 rooms in desirable, greater revenue places

ROCKVILLE, Md., Aug. 11, 2022 /PRNewswire/ — Option Accommodations International, Inc. (NYSE: CHH) these days announced that it has concluded the acquisition of the franchise enterprise, operations and intellectual house of Radisson Inns Americas for approximately $675 million from Radisson Hotel Team, inclusive of the actual estate benefit of 3 owned lodges.

With the shut of this transaction, Choice Inns Global has included somewhere around 67,000 rooms, expanding its existence in the larger revenue higher upscale and upscale entire-company segments, and bolstering its core upper-midscale hospitality phase, specifically in the West Coast and Midwest of the United States.

Radisson Motels Americas includes the Radisson franchise agreements, functions and intellectual assets in the United States, Canada, Latin The united states and the Caribbean. The transaction adds nine brand names, like Radisson Blu, Radisson, Radisson Men and women, Park Plaza, Radisson Red, State Inn & Suites by Radisson, Park Inn by Radisson, Radisson Inn & Suites and Radisson Selection. Decision Lodges will independently own and manage the makes in the Americas and appears forward to operating with Radisson Lodge Group to generate the advancement, continuity and success of these international brands. The close of this transaction is not expected to improve Option Hotels’ present-day capital allocation strategy associated to dividend payment plan and prepared share repurchases.

Credit score Suisse Securities (Usa) LLC served as economic advisor to Alternative Hotels Intercontinental on the transaction, and Willkie Farr & Gallagher LLP served as authorized advisor. Baker McKenzie served as authorized advisor to Radisson Lodge Team.

About Preference Motels^®
Decision Lodges Intercontinental, Inc. (NYSE: CHH) is just one of the biggest lodging franchisors in the entire world. On August 11, 2022, Preference obtained Radisson Accommodations Americas, introducing 9 brand names and roughly 67,000 rooms in the United States, Canada, Latin America and the Caribbean to its portfolio. With 22 makes, Decision Motels has additional than 7,500 inns, and just about 650,000 rooms, in 46 countries and territories as of August 11, 2022. The Alternative^® family of resort models deliver company and leisure travelers with a wide vary of substantial-excellent lodging selections from minimal support to whole-support accommodations in the higher upscale, higher mid-scale, midscale, prolonged-remain and financial state segments. The award-winning Preference Privileges^® loyalty program offers associates a more rapidly way to rewards, with individualized benefits starting up on working day just one. For a lot more data, visit www.choicehotels.com.

Forward-Searching Statements 
Specified issues discussed in this press release represent “ahead-searching statements” inside the indicating of the Private Securities Litigation Reform Act of 1995. Sure, but not always all, of this sort of forward-looking statements can be identified by the use of forward-on the lookout terminology, these as “assume,” “estimate,” “believe that,” “anticipate,” “really should,” “will,” “forecast,” “system,” “job,” “think,” or comparable words of futurity. All statements other than historic specifics are ahead-hunting statements. These forward-wanting statements are centered on management’s current beliefs, assumptions and anticipations concerning upcoming occasions, which, in flip, are based mostly on details now offered to management. These statements may well relate to expectations pertaining to the long term functionality of the obtained small business and manufacturers, payment of dividends, repurchases of widespread stock and other financial and operational actions.  We warning you not to area undue reliance on any this kind of forward-on the lookout statements. Forward-searching statements do not ensure foreseeable future efficiency and entail acknowledged and unfamiliar risks, uncertainties and other factors.  Numerous variables could bring about actual outcomes, efficiency or achievements of the organization to differ materially from these expressed in or contemplated by the forward-on the lookout statements.  These kinds of risks contain, but are not limited to, our potential to integrate and comprehend the predicted advantages of the acquisition, the timing and volume of potential dividends and share repurchases. These and other threat components are reviewed in depth in the firm’s filings with the Securities and Trade Commission, such as our Yearly Report on Form 10-K and our most new Quarterly Report on Variety 10-Q. We undertake no obligation to publicly update or revise any ahead-hunting statement, whether or not as a consequence of new details, future activities or or else, apart from as necessary by law.

Look at authentic content to obtain multimedia:

Supply Alternative Accommodations Worldwide, Inc.

The above press release was supplied courtesy of PRNewswire. The sights, opinions and statements in the press launch are not endorsed by Grey Media Team nor do they always condition or reflect those of Gray Media Group, Inc.