Brussels/ Stockholm - May 7, 2018
At the 2018 Annual General Meeting in Stockholm, Sweden, the shareholders resolved to change the name of the company from Rezidor Hotel Group AB (publ) to Radisson Hospitality AB (publ) by amending the company’s articles of association. The new articles of association has now been registered with the Swedish Companies Registration Office (Sw. Bolagsverket), and published on the company’s website www.rezidor.com (to change to www.radissonhospitalityab.com).
“The name change is a strategic and conscious move to align our businesses worldwide, our global portfolio of hotels and brand architecture around the five-year operating plan to leverage the powerful, international brand equity of the newly created Radisson Hotel Group,” said Federico J. González, President & CEO of Radisson Hospitality AB (publ) and Chairman of the Global Steering Committee of Radisson Hotel Group.
The new name will offer a clearer brand awareness proposition to the shareholders and investors of Radisson Hospitality AB (publ), that the company/stock they are investing in, is part of company whose vision is to become one of the top three hotel companies in the world. The alignment of the two legal entities name – Radisson Hospitality, Inc. (formerly Carlson Hotels, Inc.) and Radisson Hospitality AB(publ)(formerly Rezidor Hotel Group AB (publ) publicly listed on Nasdaq Stockholm, Sweden) – will help capitalize on a strong partnership between the two companies, who have a master franchise agreement for several brands across Europe, the Middle East and Africa.
Currently, the 11th largest hotel group in the world, Radisson Hotel Group is made up of eight hotel brands with more than 1,400 hotels in operation and under development.
ABOUT RADISSON HOSPITALITY AB
Radisson Hospitality AB (publ) [formerly Rezidor Hotel Group AB (publ)], publicly listed on Nasdaq Stockholm, Sweden, is one of the largest hotel companies in Europe, the Middle East & Africa (EMEA).
Radisson Hospitality AB is a member of the Radisson Hotel Group, 11th largest hotel group in the world. Through a master franchise agreement with Radisson Hospitality, Inc. USA – Radisson Hospitality AB operates and develops hotel brands; Radisson Collection, Radisson Blu, Radisson, Radisson RED, and Park Inn by Radisson, across EMEA; along with the Radisson Rewards loyalty program for frequent hotel guests. Since 2016, Radisson Hospitality AB also owns 49% of prizeotel.
Radisson Hospitality AB (publ) features a portfolio of 472 hotels with more than 106,000 rooms in operation or under development in 78 countries across EMEA. Radisson Hospitality AB and its brands employ 45,000+ team members. Radisson Hospitality AB has an industry-leading Responsible Business Program and is named one of the World's Most Ethical Companies by the US think-tank Ethisphere since 2010.
Radisson Hospitality AB is headquartered in Brussels, Belgium.
For more information on Radisson Hotel Group, visit www.radissonhotelgroup.com