The much-speculated sale of Radisson Holdings, which includes Radisson Hospitality, was confirmed in a company announcement today. The deal is expected to close by the end of the year.
In this roundup of news from Europe: AccorHotels sells a further 7% of its AccorInvest portfolio; IHG sees RevPAR boost and tops 650,000 rooms; and more news from the continent.
Marriott International seeks unprecedented growth across all segments in Europe by consolidating its luxury lead and seeking to dominate the budget and midscale landscape, notably via its Moxy brand. In the process, the group will be adding assets, by encouraging hotels to switch brands.
