Accor to sell a 5 per cent stake in Huazhu for USD451 million
Accor has entered into a definitive agreement to sell an approximately 5 percent stake in Shanghai-based hotel operator and franchisor Huazhu Group Ltd. for $451 million.
Deutsche Hospitality sold to Shanghai-based Huazhu Group
Huazhu Group, a multi-brand hotel group, has announced it has reached an agreement to acquire all shares of Deutsche Hospitality, through its wholly owned subsidiary China Lodging Holding Singapore.
