Skip to main content

Hogan Lovells and Sweden-based Lindahl have advised HNA Tourism Group – a unit of Chinese aviation and shipping conglomerate HNA Group – in its buyout of U.S-based hospitality chain Carlson Hotels, which was represented by Freshfields Bruckhaus Deringer and Vinge.

HNA Tourism Group will also get Carlson’s 51.3 percent stake in Sweden-based Rezidor Hotel Group AB as part of the agreement. HNA will secure hotel brands including Radisson, Park Plaza, Country Inns & Suites and gain 1,400 hotels in 115 countries, boosting its current portfolio of 500 hotels.

Advising HNA on the deal was Hogan Lovells' cross-border team led by partners Peter Ivanick, José Maria Balañá and Jun Wei. The Freshfields team was led by partners Peter Lyons in New York and Stephen Hewes in London.

The companies did not disclose the deal value, although Bloomberg estimates that Carlson could fetch about $2 billion.

The deal is latest among a string of overseas acquisitions by Chinese businesses, picking up assets from chip manufacturers to chemical firms as they diversify out of their slumping home market. In February, HNA acquired U.S.-based electronics distributor Ingram Micro for $6 billion.

Founded in 1993, HNA has grown into a group with nearly $100 billion in assets and launched at least $8 billion of overseas M&A so far this year.

Related Articles

A&O Shearman、高赢助力中国生物医药公司普米斯9.5亿美元并购交易(ZH/EN)

近日,A&O Shearman作为BioNTech的法律顾问,为其收购中国生物医药公司普米斯提供法律服务;高赢国际律师事务所则为普米斯提供法律意见。

汉坤、方达、竞天公诚、凯易助力科创板首单“A收H”交易(ZH/EN)

科创板上市公司亚信安全完成香港联交所主板上市公司亚信科技的控制权收购。汉坤律师事务所在交易中为买方提供中国法律服务;方达律师事务所、凯易国际律师事务所则担任卖方法律顾问;竞天公诚律师事务所担任融资方渤海银行的法律顾问。

方达、苏利文、奋迅·贝克麦坚时助力中印26亿美元钢铁领域合资交易(ZH/EN)

中国民营钢铁公司中国东方集团宣布将与世界第二大钢铁公司、印度安赛乐米塔尔合作,共同在中国设立两家合营企业。方达律师事务所、美国苏利文·克伦威尔律师事务所作为中国东方集团的律师参与交易;奋迅·贝克麦坚时为安赛乐米塔尔提供法律意见。