SAS Group and Carlson Hotels Worldwide completed a previously announced agreement under which SAS sold a 25% shareholding in its Rezidor SAS hotels company to Carlson Hotels Worldwide in exchange for which Rezidor SAS Hospitality Group achieves improved commercial terms and extension options until 2052 of its Master Franchise Agreements (ATWOnline, March 15). The agreement is expected to improve Rezidor SAS profitability by €6 million ($7.3 million) in the second half of 2005 and ...

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