Carlson Buys RHW Hotel Management

Financial Express:

In a bid to consolidate its presence in the country and for better brand visibility, Carlson Hotels Worldwide has acquired a majority stake in its Indian partner, RHW Hotel Management Services Ltd, by hiking its existing stake to 87% from 13%. It did not divulge the financial details of the acquisition.

Meanwhile, the company said it would be almost doubling its properties in the country from 28 hotels to 78 by 2012. It will be adding over 9,000 rooms by 2012 from 2500 at present.

Hubert Joly, president and chief executive officer, Carlson, said: “This move will help us consolidate our operations and drive anticipated future growth in the country.” Carlson runs Radisson Hotels & Resorts, Park Plaza, Country Inns & Suites and Park Inn here. The company’s Regent Hotels & Resorts brand will soon be added to its current portfolio in India.

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