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Accor announces that it entered into a definitive agreement to sell approximately 5% stake in Huazhu Group Limited (HTHT) for USD451m. Accor will keep an approximately 5% stake in Huazhu and Chaiman and CEO Sebastien Bazin will remain on the Board. This transaction, which was conducted in full cooperation with Huazhu and its Founder ... |
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Huazhu Group (“Huazhu”), a leading multi-brand hotel group (Nasdaq: HTHT), announced today that it reached an agreement to acquire all shares of Deutsche Hospitality (“the company”), a renowned international hotel group, through its wholly owned subsidiary China Lodging Holding Singapore. Deutsche Hospitality is based in Frankfurt, Germany, and its unique and varied portfolio includes the five prestigious hotel brands Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the Ci... |
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Field under: North America & West Indies / Carribean islands - United States - Industry economy - Group / hotel buyout
Purchase Marks New Chapter in Transformation Plan for Company’s Iconic Luxury Lifestyle Brand
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