HNA Group, the Chinese conglomerate selling assets to pay down debt, is exploring a sale of Radisson Hotel Group, according to people familiar with the matter.
HNA has been gauging interest from rival hotel chains and other potential buyers of the Minneapolis-based company, said the people, who asked to not be identified because the matter isn’t public. There is no certainty the talks will lead to a sale, they said.
John Kidd, chief executive of Radisson’s operations in the Americas and Asia Pacific, said in a statement, "Any additional questions about a potential sale would need to be answered by HNA.”
HNA acquired Radisson in 2016, when it was called Carlson Hotels.
Read Original Article