Carlson Becomes Majority Shareholder of Rezidor Hotel Group

Carlson, a privately held, global hospitality and travel company, announced that it has acquired additional shares of The Rezidor Hotel Group AB, listed on the OMX Nordic Exchange in Stockholm. The acquisition brings Carlson’s total ownership of outstanding shares in Rezidor to 50.1 percent.

Carlson’s relationship with Rezidor dates back to 1994 when the two companies signed a master franchise agreement for the Radisson brand in Europe, the Middle East and Africa (EMEA). Subsequent agreements expanded Rezidor’s franchise rights to include the Carlson brands of Country Inns & Suites By Carlson, Park Inn and Regent. Carlson acquired 25 percent ownership in Rezidor in 2005, and increased ownership to 35 percent in 2006, 41.7 percent in 2007 and 44.4 percent in 2009.

Rezidor, which has been listed on the Stockholm Stock Exchange since November 2006, has enjoyed dramatic growth since signing the original agreement with Carlson in 1994. At that time the company had 29 properties.

Today, the Rezidor portfolio has grown to over 390 hotels with over 84,000 rooms in operation and under development in more than 60 countries in EMEA. Securing additional shares in Rezidor is consistent with Ambition 2015, Carlson’s strategy to increase its investments in the hotel business and expand its hotel portfolio to more than 1,500 hotels around the world by 2015.