Hogan Lovells is advising China’s HNA Group Co. on a $2 billion acquisition of Minnesota-based Carlson Hotels Inc.
In a deal announced on Wednesday, Haikou-based HNA Group, parent of China’s Hainan Airlines, agreed to acquire the U.S. company that operates 1,400 hotels worldwide after outbidding European hospitality giant Accor S.A. The parties didn’t disclose the acquisition price, but Bloomberg reported during the bidding that the deal could fetch Carlson $2 billion.
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