HNA Group Co. is reportedly exploring a sale of Radisson Hotel Group, Bloomberg reports according to people familiar with the matter. It recently sold its Hilton Grand Vacations Inc. shares for US $1.1 billion.

The Chinese company has been selling off its assets to repay debts. 

Radisson Hotel Group has since released a statement emphasising the company's place in the hospitality industry. 

"While it has been widely reported that HNA has recently been exploring the sale of some of its assets, we are in a very strong place with our business and remain committed to our go-forward strategy," John Kidd, chief executive of Radisson’s operations in the Americas and Asia Pacific., said in a statement to Bloomberg.