Carlson, a privately-held, global hospitality and travel company, and publicly-held The Rezidor Hotel Group AB today announced that they have entered into a definitive agreement with Formosa International Hotels
Corporation (FIHC) under which FIHC will acquire the Regent luxury hotel business. The master purchase agreement for the transaction includes customary conditions, which are expected to be fulfilled within the next month.
The Regent brand is owned by Carlson and its subsidiaries, which globally operates and licenses the Regent brand, including hotels, residences and cruise ships. In 2003, Carlson expanded its relationship with Rezidor under a separate master franchise agreement to include the development rights for Regent in Europe, the Middle East and Africa. The acquisition by FIHC includes the sale of the global Regent brand and all associated intellectual property, the hotel management and lease contracts for properties in operation and under development, and the Regent Seven Seas Cruises license.
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