Jin Jiang reportedly weighing bid for Radisson Hotel Group

As HNA Group considers selling Radisson Hotel Group, Bloomberg reports that China’s state-owned Jin Jiang International is weighing a bid for the Minneapolis-based hotel company.

HNA Tourism Group had bought Carlson Hotels – comprising hotel brands Radisson, Park Plaza, Country Inns & Suites – for an undisclosed sum in 2016, before the latter’s recent rebrand into Radisson Hotel Group.

The debt-ridden Chinese conglomerate has been dumping assets globally, and its divestments snowballed to billions this year.

Bloomberg, quoting unnamed sources, said HNA could get at least US$2 billion from the Radisson sale, which is expected to attract other bidders.

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