Company Sold In Public Offering
Radisson SAS Hotels & Resorts in Europe, the Middle East, and Africa to change their name to Radisson Blu
MINNEAPOLIS, MN - Radisson Hotels & Resorts(R) announced today that 170 Radisson SAS locations operated by The Rezidor Hotel Group in Europe, the Middle East, and Africa (EMEA) will be changing their name to Radisson Blu. The change is taking place because the SAS Group, former owner of Rezidor, sold the company in a public offering in November 2006, and no longer has a formal connection with the Radisson brand. Rezidor is the master franchisor of the Radisson brand in EMEA.
The new name was announced today by Kurt Ritter, president and CEO of The Rezidor Hotel Group, at the grand opening of the first Radisson Blu, the stunning new Radisson Blu Hotel at Zurich Airport in Switzerland. During the next year, the new name will be transitioned throughout the Radisson SAS portfolio in the EMEA.
The name change only applies to the 170 Radisson hotels operated by The Rezidor Hotel Group in the EMEA and does not include Radisson Edwardian Hotels in the United Kingdom or Radisson hotels operated in the Americas, Asia Pacific, or other parts of the world.
The word "Blu" is a stylized, shortened version of the word "blue", derived from the blue colored box that contained the "SAS" name on the original Radisson SAS logo and signage. The new name is designed to reflect both an international style and innovative, contemporary approach to hospitality that is reflected in the Radisson SAS portfolio.
"The Rezidor Hotel Group has achieved exceptional results in distinguishing the Radisson SAS brand as a fast-growing and contemporary leader in the global hotel industry," said Jay Witzel, president and CEO of Carlson Hotels Worldwide, the parent company of Radisson Hotels & Resorts. "We expect that this legacy of success will not only continue, but will accelerate under the distinctive new name of Radisson Blu," he added.
"We are extremely proud to hoist the Radisson Blu flag," said Kurt Ritter, president and CEO of The Rezidor Hotel Group. "After many, very successful years as Radisson SAS, we are eager to fly the exciting new Radisson Blu name on an ever growing number of destinations," he added. "As Radisson Blu, we aim to become the fastest growing, most innovative and dynamic hotel brand in the world," he added.