NASDAQ-LISTED HOTEL COMPANY HUAZHU GROUP ANNOUNCES ACQUISITION OF DEUTSCHE HOSPITALITY
Huazhu Group (“Huazhu”), a leading multi brand hotel group (Nasdaq: HTHT), announced on November 4, 2019 that it reached an agreement to acquire all shares of Deutsche Hospitality (“the company”), a renowned international hotel group, through its wholly owned subsidiary China Lodging Holding Singapore. Deutsche Hospitality is based in Frankfurt, Germany, and its unique and varied portfolio includes the five prestigious hotel brands Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, IntercityHotel and Zleep Hotels.
Huazhu is one of the most successful hotel companies worldwide, with more than 5,000 hotels in over 400 cities. Huazhu is also the ninth largest hotel company in the world by room count and the fifth largest by market capitalization. Deutsche Hospitality brands complement those of Huazhu, and the merged portfolio will be able to offer a wider range of brand choice to travelers, owners and franchisees.