In line with asset-light strategy, Rezidor converts two leases in Sweden to franchise agreements
The Rezidor Hotel Group today announced the conversion of two lease agreements, the Park Inn by RadissonMalmöand the Park Inn by Radisson Hammarby Sjöstad, in Sweden to franchise agreements.
Ligula Hospitality Grouphas over 375 employees and MEUR 45 in annual revenue.The group holds several local brands and among them is ProfilHotels with 10 hotels in Sweden and Denmark.
"Converting these hotels from leases to franchise agreements is in line with our asset-light strategy and our increasing focus on fee-based business", says Wolfgang M. Neumann, President & CEO at Rezidor. "In addition, we are delighted to partner with ProfilHotels, which is a highly successful and experienced operator and capable of managing these hotels at the highest level".
The information here is that which Rezidor Hotel Group AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act.
About Carlson Rezidor Hotel Group
The Rezidor Hotel Group is one of the most dynamic hotel companies in the world and a member of the Carlson Rezidor Hotel Group. The group features a portfolio of approximately 475 hotels in operation or under development with 104,000 rooms in more than 80 countries.
Rezidor operates the core brands Radisson Blu and Park Inn by Radisson in Europe, the Middle East and Africa (EMEA), along with the Club Carlson loyalty program for frequent hotel guests. In early 2014, and together with Carlson, Rezidor launched the Radisson RED (lifestyle select) and Quorvus Collection (luxury) brands. Since 2016, Rezidor has owned 49% of prizeotel. Rezidor has an industry-leading Responsible Business Program and was awarded one the World's Most Ethical Companies by the US think-tank Ethisphere.
In November 2006, Rezidor was listed on the Nasdaq Stockholm, Sweden. HNA Tourism Group Co., Ltd.—a division of HNA Group Co., Ltd., a Fortune Global 500 company with operations across aviation, tourism, hospitality, finance, and online services among other sectors—became the majority shareholder in December 2016.
The corporate office of The Rezidor Hotel Group is based in Brussels, Belgium.