China Lodging Group, Limited Announces Acquisition of Beijing Novotel Sanyuan and Ibis Beijing Sanyuan with TPG Capital Asia
H World Group Limited - American Depositary Shares (HTHT)
Last h world group limited - american depositary shares earnings: 3/26 05:00 pm
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ir.huazhu.com
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Source: GlobeNewswire
SHANGHAI, China, Jan. 29, 2018 (GLOBE NEWSWIRE) -- China Lodging Group, Limited (NASDAQ:HTHT) (“China Lodging Group”, “Huazhu”, or the “Company”), a leading and fast-growing multi-brand hotel group in China, today announced it has formed a joint venture with TPG Capital Asia (“TPG”) (20% owned by the Company and 80% owned by TPG ) (the “Joint Venture”). The Joint Venture has entered into a share purchase agreement to acquire 100% equity interest of two hotel properties in Beijing – Novotel Beijing Sanyuan and Ibis Beijing Sanyuan (“the hotels”) - at a cash consideration of RMB 1.18bn from Ascendas Hospitality Trust (Singapore), subject to customary post-closing adjustments (the “Acquisition”). The acquisition is subject to regulatory approvals and is expected to close in the first half of 2018. Post-closing, the Joint Venture will renovate the hotels and Huazhu will continue to serve as operator. Hitone Capital, a boutique real estate focused investment firm, provided advisory servi
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HTHT
Earnings
- 3/20/24 - Miss
HTHT
Sec Filings
- 4/1/24 - Form SC
- 3/20/24 - Form 6-K
- 3/8/24 - Form 6-K
- HTHT's page on the SEC website