Rezidor SAS and Carlson Hotels Worldwide enhance their partnership with shareholder agreement

Rezidor SAS Hospitality, the Brussels-based wholly-owned subsidiary of the SAS Group, today jointly announced with US-based Carlson Hotels Worldwide, that they have signed an agreement which results in an enhancement of their long-time franchise partnership into a shareholder agreement. The basis of the agreement will see Carlson Hotels acquire a 25 percent shareholding in Rezidor SAS from SAS Group in return for renegotiated commercial terms of the parties’ current Master Franchise Agreement (MFA). The MFA is the agreement between Rezidor SAS and Carlson by which Rezidor manages Carlson