This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
Last month, there was news that a somewhat mysterious Chinese insurance company, Anbang, made a bid to acquire Starwood. Although that acquisition has since fallen through, hotel consolidation is rampant right now. And now, a Chinese company called HNA Tourism Group will acquire Carlson Hotels, in addition to Carlson’s 51.3% stake in Rezidor Hotel Group. The deal is said to be worth around $2 billion.
Carlson Hotels is made up of around 1,400 properties in 115 countries and includes brands such as Radisson, Country Inn & Suites, Park Plaza and more. This hotel acquisition is different than many others we’ve recently seen, as it’s not two hotel groups combining. As its name suggests, HNA Tourism Group is in the tourism industry, with stakes in aviation (including Hainan Airlines), hospitality, tourism, finance and online services.
If HNA allows Carlson to continue operating independently, it’s possible that travelers won’t notice a change in Club Carlson. It’s also possible that HNA could integrate its current boutique hotels into the Carlson brand, expanding its reach. Or, HNA could be active in its ownership, making changes to the group and overseeing the day-to-day operations of Carlson properties. But as of now, there is no definite news on what the future of Carlson Hotels and its loyalty program Club Carlson will look like.
Featured image courtesy of the Radisson Blu Resort Temple Bay Mamallapuram.
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Know before you go.
News and deals straight to your inbox every day.