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Article: Carlson Hotels Worldwide Acquires Full Ownership of Park Plaza and Park Inn Brands; Consolidated Ownership by Carlson Expected to Drive New Brand Clarity and Expansion.
- Article from:
- PR Newswire
- Article date:
- September 17, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS, Sept. 17 /PRNewswire/ -- Carlson Hotels Worldwide today announced that the company has acquired full ownership of the Park Inn and Park Plaza hotel brands from its joint venture partner, Olympus Hospitality Group. The acquisition is strategically significant in consolidating Carlson's global ownership of the Park brands and it is expected to bring a new era of brand clarity and growth to Park Plaza and Park Inn hotels. Financial terms of the transaction were not disclosed.
"This important acquisition clarifies the future of the Park Plaza and Park Inn brands as key members of the Carlson Hotels' portfolio," said Jay Witzel, president and chief ...