Sweden’s Rezidor Hotel Group has agreed to buy a 49 percent stake in start-up budget hotel chain Prizeotel for 14.7 million euros (US$16.2 million) and has rights to buy the remaining stake in four years.
Rezidor buys into budget chain
Sweden’s Rezidor Hotel Group has agreed to buy a 49 percent stake in start-up budget hotel chain Prizeotel for 14.7 million euros (US$16.2 million) and has rights to buy the remaining stake in four years.