Carlson completes acquisition of Indian partner06 July 2010
Hospitality and travel company Carlson has announced it has completed its acquisition of the majority interest in RHW Hotel Management Services Ltd.
Carlson now owns 87% of RHW, an India-based hotel management and consultancy services company.
The agreement consolidates a long-term relationship between the two firms as RHW as managed Carlson-branded hotels in India since 1998.
“This acquisition is a natural progression for Carlson as we continue to grow in this key market. We now have a fully integrated India organization which supports our Ambition 2015 growth strategy by strengthening our position as the country’s largest and fastest growing international hotel operator,” said Hubert Joly, Carlson president, CEO and director.
Carlson recently announced plans to open 75 hotels in Asia Pacific by 2013, over 50 of which are in India.