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Radisson Hospitality, Inc. Issues Statement Following Completion of Acquisition by Jin Jiang International Holdings Co., Ltd.

November 13, 2018

Radisson Hotel Group Americas

Today, a consortium led by Jin Jiang International Holdings Co., Ltd (Jin Jiang International) announced that it has completed the acquisition of Radisson Hospitality, Inc.

Click here read the full press release from Jin Jiang International

In response to the announcement, John M. Kidd, Chief Executive Officer and Chief Operating Officer for Radisson Hospitality, Inc., issued the following statement:

"This marks yet another incredible milestone in our company's storied history and one that I'm confident will elevate Radisson Hotel Group to a new level of strength as a global leader in the hospitality industry. When we announced our re-branding earlier this year to Radisson Hotel Group, we shared our vision for the company, which was to be the company of choice for guests, owners and talent.

We are now owned by one of the leading travel and hospitality companiesthe fifth largest hotel company in the world.1 Additionally, Jin Jiang's loyalty program encompasses more than 100 million members. This type of size, coupled with the record number of Chinese consumers traveling abroad, provides a number of new opportunities for Radisson Hotel Group.

The consortium led by Jin Jiang will work with us to improve and execute our five-year plan, while continuing to deliver outstanding customer and guest service."

1HOTELS Magazine Top 325 Report: July/August 2018 Issue

ABOUT RADISSON HOSPITALITY, INC.; Radisson Hospitality, Inc. is a privately held global hospitality company headquartered in Minneapolis, Minnesota (USA). The company owns and operates the following global hotel brands: Radisson Collection™, Radisson Blu, Radisson, Radisson RED®,Park Plaza, Park Inn by Radisson, Country Inn & Suites by Radisson along with Radisson Rewards, its global loyalty program. Radisson Hospitality, Inc. and its subsidiaries employ more than 14,000 people.

Radisson Hospitality, Inc. goes-to-market as Radisson Hotel Group together with its majority-owned subsidiary, Radisson Hospitality AB (formerly Rezidor Hotel Group AB), based in Brussels, Belgium and publicly listed on Nasdaq Stockholm, Sweden.

Radisson Hotel Group is one of the world's largest hotel groups with more than 1,400 hotels in operation and under development, more than 220,000 rooms and a footprint spanning 115 countries and territories. More than 95,000 global team members work for the Radisson Hotel Group and at the hotels licensed to operate in its systems.

About Radisson Hotel Group Americas

Radisson Hotel Group Americas represents Radisson Hotels brands in the United States, Canada, Caribbean, and Latin America. Combined with Radisson Hotel Group, representing Radisson Hotels in Europe, the Middle East, Africa, and Asia Pacific, Radisson Hotel Group Americas is one of the world's largest hotel companies with nine distinctive hotel brands and more than 1,500 hotels in operation and under development in 120 countries. 

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 Hotel Group Americas takes pride in its Every Moment Matters brand promise to always provide guests with exceptional experiences. In addition, the Radisson Rewards Americas loyalty program delivers unique and personalized ways to create memorable moments and outstanding loyalty benefits for guests, meeting planners, travel agents, and business partners. 

Radisson Meetings Americas treats every meeting or event as more than just a date on the calendar with three strong service commitments: Personal, Professional and Memorable, while delivering on the brilliant basics of the signature Yes I Can! service spirit and being uniquely 100% carbon neutral.  

More than 100,000 team members work at Radisson Hotel Group Americas, Radisson Hotel Group, and the hotels licensed to operate in its systems.

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