Choice Hotels to acquire Radisson Hotel Group Americas for $675M, adding 624 hotels

CHOICE HOTELS INTERNATIONAL INC /DE

Purchase price ~$675M for Radisson Americas franchise business, operations, and IP; funded with cash and revolver borrowings.
Adds 624 hotels and over 68,000 rooms across nine brands, including Radisson Blu, Radisson, Country Inn & Suites, in the Americas.
Expands Choice's presence in upscale and upper-midscale segments, particularly West Coast and Midwest; expected to close H2 2022.
Radisson Hotel Group to retain EMEA/APAC operations; aims to double those portfolios by 2025.
Unanimously approved by Choice's board; subject to HSR clearance and other customary conditions.

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