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# Rezidor buys into budget chain
- URL: https://hospitality.pro/rezidor-buys-into-budget-chain/
- Published: 2016-03-10T03:54:44.000Z
- Updated: 2021-01-31T23:42:16.000Z
- Author: Holedo
- Tags: Hospitality Industry News, News, Purchases and Sales, Rezidor, #wordpress, #Import 2026-04-16 12:15

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.