MINNEAPOLIS-Carlson Hotels Worldwide says it has an agreement with Rezidor SAS Hospitality, the Brussels-based wholly owned subsidiary of the SAS Group, to enhance its long-time franchise partnership into a shareholder agreement. The basis of the agreement will see Carlson Hotels acquire a 25% stake in Rezidor SAS from SAS Group in return for renegotiated commercial terms of the parties’ current master franchise agreement.

The agreement between Rezidor SAS and Carlson specifies that Rezidor manage Carlson Hotel brands in Europe, the Middle East and Africa. These brands have included Radisson SAS, Park Inn, Regent International Hotels and Country Inns & Suites.

Rezidor SAS first signed a deal with Carlson in 1994 for the first-class Radisson brand. The combined brand, Radisson SAS, that was created from that master franchise agreement has been the vehicle that has turned Rezidor SAS into one of the fastest growing hotel management companies.

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