Keyword: China Lodging Group
A joint venture between China Lodging Group and TPG Capital Asia has acquired two hotels in Beijing from Ascendas Hospitality Trust.
A representative of Oyo stated the company "could not reach an outcome" after trying to find potential value in Zo Rooms.
China Lodging has claimed a less than 5 percent stake in Oyo to assist in its global expansion.
China Lodging acquires Crystal Orange to ensure its foothold and expansion in China.
By acquiring Crystal Orange Hotels, which targets the midscale and upscale sectors, China Lodging Group is moving into a new segment.
This year was a big one for the French company, which leveraged alliances to grow in China and in the greater Asia Pacific region.
With its AccorHotels partnership finalized, China Lodging Group (or HuaZhu) saw an impressive uptick in Q1 revenue.