Carlson and Rezidor Complete Sale of Regent Luxury Hotel Business to Formosa International Hotels Corporation
June 15, 2010 // Franchising.com // Minneapolis, MN and Brussels, Belgium - Carlson, a privately-owned, global hospitality and travel company, and publicly-held The Rezidor Hotel Group AB today announced that the acquisition of the Regent luxury hotel business by Formosa International Hotels Corporation (FIHC) has been completed. The companies announced on April 16 that they had signed a Master Purchase Agreement.
Carlson is a privately held, global hospitality and travel company headquartered in Minneapolis, Minnesota. Carlson encompasses more than 1,080 hotels, including Radisson®, Country Inns & Suites By CarlsonSM, Park Inn® and Park Plaza®; more than 1,000 restaurants, including T.G.I. Friday's® and Pick Up Stix®; and a majority stake in Carlson Wagonlit Travel®, the global leader in business travel management. Carlson operates in more than 150 countries and its brands employ about 150,000 people.
About The Rezidor Hotel Group
The Rezidor Hotel Group is one of the fastest growing hotel companies in the world. The group features a portfolio of more than 390 hotels in operation and under development with nearly 86,300 rooms in over 60 countries. Rezidor operates the brands Radisson Blu Hotels & Resorts, Park Inn and Country Inns & Suites in Europe, the Middle East and Africa, along with the goldpoints plusSM loyalty programme for frequent hotel guests. Under a worldwide licence agreement with the iconic Italian fashion house Missoni, Rezidor also operates and develops the new lifestyle brand Hotel Missoni. In November 2006, Rezidor was listed on the Stockholm Stock Exchange. Carlson Companies is the main shareholder. The Corporate Office of the Rezidor Hotel Group is based in Brussels, Belgium.
About Formosa International Hotels Corporation
FIHC is the largest and most profitable hotel company listed on the Taiwan Stock Exchange, with market capitalization in excess of USD 900 million and debt free. FIHC owns its flagship Grand Formosa Regent Taipei, 538 rooms, 8 restaurants, and 5,000 m2 of banquet space. The hotel also has the first and foremost luxury shopping area of its kind in Asia encompassing over 25 flagship stores such as Chanel, Hermes, Cartier, Dior, Prada and Harry Winston. In addition, FIHC operates the lifestyle hotel brand SILKS and multiple restaurant brands throughout the greater China region.