Carlson, a privately-owned, global hospitality and travel company, and publicly-held The Rezidor Hotel Group AB today announced that the acquisition of the Regent luxury hotel business by Formosa International Hotels Corporation has been completed.

The companies announced on April 16 that they had signed a Master Purchase Agreement.

HVS Reported:

Brussels-based Rezidor Hotel Group and privately held Minneapolis-based Carlson Hospitality Group have sold the Regent luxury hotel brand to Taiwan-based Formosa International Hotels Corporation for a total of €9.5 million.

A Master Purchase Agreement was signed between the three companies back in April 2010, and the deal was closed this week. The acquisition includes the Regent brand and its associated intellectual property, the hotel management and lease contracts for Regent properties in operation and under development, and the licence for the Regent Seven Seas Cruises business.

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