Through the acquisition, the Consortium has reached a shareholding in the Company that exceeds the mandatory bid threshold under the Swedish Takeover Act. Accordingly, the Consortium is obliged to, within four weeks of the completion of the acquisition, or no later than 1 December, make a mandatory public offer for the remaining shares in the Company or sell shares that the Consortium’s ownership in Radisson Hospitality falls below 30% of the votes in the Company.

Radisson Hotel Group has more than 1,400 hotels and 220,000 guestrooms operating or in development worldwide

In response to the announcement, John M. Kidd, Chief Executive Officer and Chief Operating Officer for Radisson Hospitality, Inc., said the acquisition "yet another incredible milestone in our Company’s storied history and one that I’m confident will elevate Radisson Hotel Group to a new level of strength as a global leader in the hospitality industry. When we announced our re-branding earlier this year to Radisson Hotel Group, we shared our vision for the Company, which was to be the Company of choice for guests, owners and talent." This type of size, coupled with the record number of Chinese consumers traveling abroad, gives Radisson Hotel Group new opportunities to grow.

This transaction also strengthens Jin Jiang International's portfolio, adding more than  1,400 hotels and 220,000 guestrooms operating or in development under its eight brands worldwide.

Jin Jiang has participated in M&A activities for several years, acquiring Louvre Hotels in 2014, an 80% stake in Vienna Hotel Group in 2016 and India’s Sarovar Hotels in 2016. The company attempted to purchase AccorHotels in 2016, but the deal fell through, while signing a partnership with Magnuson Hotels on a global distribution platform in 2017.