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Search results for “Blossom Hill”
Huazhu Group forms joint venture with Sunac China
03/23/2021
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10:58:52 AM
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The joint venture company, named Yongle Huazhu Hotel & Resort Group, is formed with a total registered capital of RMB 50 million.
On track to recovery, China’s home-share industry sees great potential
01/26/2021
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11:27:51 AM
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Branded properties accounted for only 5.6% of the alternative accommodation market, which was dominated by small- and medium-sized brands.
Huazhu Group acquires 71.2% stake in boutique hotel brand Blossom Hill
08/15/2018
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4:14:59 PM
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Upon completion of the Acquisition, Huazhu will own an aggregate of 82.5% of the shares of Blossom Hill, and Blossom Hill Hotels & Resorts will become part of Huazhu's hotel network.
Accor Hotels holds 10.2% and Ctrip holds 7.5% equity of Huazhu
04/22/2019
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6:10:46 PM
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As of December 31, 2018, Huazhu operated 4,230 hotels in China with hotel network covered 403 cities in 32 provinces and municipalities across China.
China's hotel group Huazhu CEO teases launch of new brand
03/20/2019
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9:49:21 AM
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Huazhu Group’s CEO discussed a new hotel turnover metric as well as plans to launch a new brand in the next few weeks.
Lifestyle vacation provider Tsingpu closes A round, invests in Blossom Hill
03/21/2017
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12:22:37 PM
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Lifestyle vacation provider Tsingpu Travel announced that it has raised RMB 200 million in its A-round financing and become a major stakeholder of boutique lodging brand Blossom Hill through a strategic investment.
Ctrip records $10m offline daily sales, Alibaba invests in FunNow, and more
08/19/2018
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3:54:23 PM
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Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.
Huazhu net revenue up 25% to $381 million, occupancy rate at 89.6% in Q2
08/23/2018
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10:03:56 AM
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As of June 30, 2018, the number of hotel rooms in operation totaled 393,417, an increase of 9.4% from a year ago. Income from operations increased 53.2% year-over-year to $101.4 million for Q2.
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