Bloomberg is reporting that part of the mammoth merger between United and Continental airlines was negotiated at the Radisson hotel next to Memphis International Airport.
Here’s an excerpt from the report, written by Zachary R. Mider, Mary Jane Credeur and Mary Schlangenstein
The accord for each Continental share to be exchanged for 1.05 UAL shares was reached at an April 27 meeting at a Radisson hotel in Memphis, Tennessee.
“I had no idea,” said Richard Markham, the hotel’s general manager. “They must have been incognito.”
The Radisson was built in the mid-1970s and has 211 guest rooms and a bar and restaurant called Cayenne’s, Markham said in an interview. The property is located about 3 miles (4.8 kilometers) from Graceland, the former home of Elvis Presley.
“Jeff chose an illustrious venue, the airport Radisson,” Tilton said in an interview. “I was given a memento of that occasion, a plastic passkey, nicely framed.”
Perhaps that’s worth some extra flights into and out of Memphis once the merger is complete.