Carlson Rezidor Hotel Group, one of the world's largest and most dynamic hotel groups, today announced the company has entered into a definitive agreement to resume direct Radisson brand development from Royal Hotels International Inc. (Royal).

“This is a very exciting opportunity for Carlson Rezidor to assume full control of Latin America and continue to further develop the footprint of our brands in the region. We have been a strong player in the region and look forward to further strengthening our position,” said Javier Rosenberg, chief operating officer, Americas, Carlson Rezidor Hotel Group. “Royal has been a great partner to us for over two decades and helped build the foundation for the growth of the Radisson brand in the region.”

Royal formed Radisson Hotels International Latin America in 1993 in Miami, Fla. to function as the master licensee for the Radisson brand in much of Latin America.

As part of the transaction, Carlson Rezidor is expanding and will also assume management operations of hotels in Latin America. The group's global management expertise now extends across more than 60 countries around the world.

With over 50 hotels in operation and under development in Latin America, Carlson Rezidor has a strong presence across its brands, including a leading position in Brazil and Chile. In 2014 hotel openings in the region included the Radisson Cartagena Ocean Pavillion Hotel, Radisson Hotel Barra, Rio de Janeiro, Radisson Hotel Trinidad, Radisson Ciudad Empresarial Santiago, Radisson Puerto Varas, Park Inn by Radisson Puerto Varas and Radisson Hotel AR Bogota Airport.