china lodging group
China Lodging Group Enters Into Definitive Agreement to Acquire Crystal Orange Hotels
China Lodging Group, Limited | February 27, 2017
SHANGHAI, China, Feb. 27, 2017 -- China Lodging Group, Limited (HTHT) ("China Lodging" or the "Company"), a leading hotel chain operator in China, today announced that its wholly-owned subsidiary China Lodging Holdings (HK) Limited has entered into a definitive share purchase agreement with the shareholders of Crystal Orange Hotel Holdings Limited ("Crystal Orange") to acquire all of the equity interests of Crystal Orange for an initial aggregate consideration in cash of approximately RMB 3.65 billion, with customary post-closing adjustments (the "Transaction"). The closing of the Transaction is subject to the approval from the Antitrus...
AccorHotels and Huazhu Finalize Their Strategic Alliance
AccorHotels | January 28, 2016
28 January 2016 - AccorHotels (CAC 40 – AC.FR) and Huazhu Hotels Group (also known as China Lodging Group –Nasdaq: HTHT) are pleased to have sealed their extensive, long-term alliance, initially announced to the market on 14th December 2014. Under the arrangement, AccorHotels takes a 10,8% stake in Huazhu and a seat at the Chinese group's board of directors. Huazhu will take a non-controlling stake of 29.3% and two board seats in AccorHotels' Luxury and Upscale operating platform for Greater China. This unprecedented partnership creates a hospitality giant in China whose strength lies in a newly formed joint distribution sys...
Accor and Huazhu Hotels Group Form Alliance in China with More than 2,000 Hotels
Accor | December 15, 2014
December 15, 2014 - Accor and Huazhu Hotels Group (also known as China Lodging Group) today sealed an extensive and long-term alliance to create the most prominent and diversified hotel company in China, with more than 2,000 hotels and the strongest pipeline in the country. "This ground-breaking collaboration will leverage the strengths of Accor's global brands with a leading player in Chinese hospitality," said Sebastien Bazin, Chairman and CEO of Accor. "Joining Huazhu's unparalleled local expertise with our brands will create a hospitality powerhouse which will deliver unprecedented value to both groups and to our customers." Huazhu ...
