Publicly traded hotel firm Choice Hotels International has agreed to acquire Radisson Hotel Group’s Americas division, Radisson Hotel Group Americas, for approximately $675 million.

The deal will add 624 hotels with over 68,000 rooms to Choice’s portfolio in an effort to increase its presence in the upscale and upper-midscale segments in the West Coast and Midwest in the U.S., according to a news release announcing the deal.

Read the full story on CoStar.

June 13 2022