Deals
Jin Jiang Weighs Bid for $2 Billion Hotelier Radisson
- Jin Jiang International in early stages of deliberations
- Debt-laden HNA Group could fetch at least $2 billion from sale
This article is for subscribers only.
Chinese hospitality provider Jin Jiang International Holdings Co. is weighing a bid for Radisson Hotel Group, the global chain owned by HNA Group Co., people with knowledge of the matter said.
Jin Jiang, which is controlled by the Shanghai government, is in the early stages of considering a potential offer, according to the people. HNA could fetch at least $2 billion from a sale of Minneapolis-based Radisson, which may also attract other bidders, the people said, asking not to be identified because the information is private.