M&A
confidence high
sentiment positive
materiality 0.70
Choice Hotels completes acquisition of Radisson Hotels Americas for ~$673M, adds 67K rooms
CHOICE HOTELS INTERNATIONAL INC /DE
- Purchase price of ~$673.2M funded by cash on hand; includes real estate value of three owned hotels.
- Adds nine brands including Radisson Blu, Radisson, Country Inn & Suites, and Park Plaza.
- Expands presence in upper upscale and upscale segments, particularly in West Coast and Midwest U.S.
- Transaction not expected to change dividend policy or share repurchase plans.
- Adds approximately 67,000 rooms across U.S., Canada, Latin America, and Caribbean.