AccorHotels, Qatar Investment Authority and Kingdom Holding Company also establish long term sharehold partnership. AccorHotel Board appoints new directors and CEO for their Luxury Brands division.
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With these authorisations, the only remaining country in which Marriott and Starwood require pre-merger authorisation is China.
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The closing of the proposed merger is subject to obtaining additional antitrust clearances, including in China, and satisfying other customary closing conditions that are in the merger agreement. European Union clearance represents satisfaction of a major closing condition to the proposed merger.
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The Country Inns & Suites By Carlson brand in India will now be managed by Carlson Hotels (South Asia) Private Limited, the Indian affiliate of Carlson Rezidor Hotel Group. This acquisition also includes four Radisson Blu hotels managed in India by CDMS.
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