Huazhu completes Deutsche Hospitality deal

Huazhu completes Deutsche Hospitality deal

Huazhu Group, a leading and fast-growing hotel group, has announced the closing of the acquisition of all shares in Steigenberger Hotels Aktiengesellschaft, Germany or popularly called Deutsche Hospitality. In connection with the acquisition, China Lodging Holdings (HK), a subsidiary of the company, has signed a EUR 440,000,000 (USD 491,590,000) term facility and USD 500,000,000 revolving […]

The post Huazhu completes Deutsche Hospitality deal appeared first on Travel Daily.

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