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Search results for “Huazhu”
Huazhu plans to open 750-800 new hotels in 2016
03/11/2016
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10:17:03 PM
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Chinese multi-brand hotel group Huazhu plans to open 750-800 new hotels in 2016, with 80% for economy hotels and 20% for midscale and upscale ones, and manachised and franchised hotels continue to be the vast majority in the run.
China Lodging Group net income jumps 31.4% in Q3 2016
11/15/2016
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12:46:27 PM
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China Lodging Group (Huazhu Hotels Group) reported net income growth of 31.4% to RMB 293.9 million (USD 44.1 million) in Q3 2016.
Huazhu Hotels to acquire local budget hotel chain Hotel Home
12/25/2015
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11:16:55 PM
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Huazhu Hotels has signed an acquisition agreement with budget hotel chain Hotel Home estimated to be worth around RMB80 million.
Hotel giant Jin Jiang backs WeWork's $260m round
10/14/2016
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9:30:34 AM
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Chinese hotelier Jin Jiang International joined a investor group to inject USD 260 million in office-sharing startup WeWork Cos., according to a Wall Street Journal report.
China Lodging offers $425m convertible notes, partly for minority investment
10/27/2017
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12:23:56 PM
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Hotel giant plans to raise $425 million through convertible senior notes, partly to repay loans borrowed to "make investments in minority equity interests" in industry-related or complementary businesses.
Huazhu Hotels's gets a hand in in Homeinns with 5% acquisition for US$68 million
11/13/2015
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10:45:19 AM
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Huazhu Hotels acquired a 5% stake in Homeinns for RMB435 million to inflate Homeinns's share price and thus push up the price of its proposed privatization.
Homeinns returns to China stock market while Huazhu Hotels puts off privatization
12/17/2015
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6:53:10 PM
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CEO David Sun said that Homeinns is returning to the Chinese stock market because Chinese investors understand the hotel group better that US investors.
Huazhu Hotels reports 15% growth in revenue Q3 2015
11/11/2015
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5:47:58 PM
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China Lodging added a net of 204 hotels in the Q3 and had 619 leased hotels, 1,899 manachised hotels, and 70 franchised hotels in operation in 342 cities.
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