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 ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.