Huazhu Hotel Group announced that they have signed an equity acquisition agreement with investors led by the Carlyle Group, aiming to acquire the entire stake in Crystal Orange Hotel Group for CNY3.65 billion.Read More
Hotel & Travel
The hotel chain brand Green Tree Inn plans to acquire a 100% stake in Da Niang Dumplings via its wholly-owned subsidiary, according to information from the official website of the Anti-Monopoly Bureau of the Ministry…
MUJI Hotel Beijing, which is managed by UDS Co., Ltd, will be officially open in Beijing in the second half of 2017, marking MUJI's entry into the country's hotel industry.
Marriott International said that its merger with Starwood Hotels & Resorts Worldwide cleared the Ministry of Commerce of China, so the companies have now consummated their hospitality marriage.
China's Btg Hotels (Group) has closed the privatization purchase deal of Home Inns, which will subsequently become a wholly-owned subsidiary of Btg Hotels.
South Korea's apparel brand Eland recently signed an agreement with China's Wanda Group to establish a tourism joint venture in South Korea.
Wanda Cinema Line, a unit of Chinese property developer Dalian Wanda Group, has completed the acquisition of Hoyts by buying HG Holdco's 100% stake and acquiring an AUD70 million loan from HG ANZ for CNY2.246…
Shanghai Jin Jiang International Hotels (Group) Company Limited has approved plans to acquire the 81.0034% stake in Keystone Lodging Holdings Limited.
U.S.-based Digital River, Inc. has signed a payments agreement with Chinese online travel company Ctrip.
Starwood Hotels & Resorts Worldwide Inc. announced three Element hotels are planned in Greater China to open over the next four years.