SAS to list hotel business
James Savage · 22 Jun 2006, 17:47
Published: 22 Jun 2006 17:47 GMT+02:00
"While Rezidor SAS has continued to perform well, the SAS Group's intention to list the company is in line with the previously stated strategy to focus on its core airline activities."
"The listing will enable SAS to exit its hotel business, continuing the process initiated last year when Carlson Hotels Worldwide acquired a 25 percent stake in Rezidor SAS from the SAS Group."
The company said that the IPO would allow Rezidor SAS increased flexibility.
Rezidor SAS includes hotels run under five brands: Radisson SAS, Country Inn, Cerruti, Park Inn and Regent. It currently has 279 hotels in 50 countries worldwide, and employs 4,436 people.