Accor Sa (ACRFF) 40.7600 $ACRFF China Lodging Group

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Accor Sa (ACRFF) 40.7600 $ACRFF

China Lodging Group Forms a Strategic Alliance With Accor
GlobeNewswire - Sun Dec 14, 9:45AM CST
Accor S.A.(Euronext Paris:AC) ("Accor" and China Lodging Group. Ltd. (Nasdaq:HTHT) ("China Lodging Group" or "Huazhu" signed binding documents on December 14, 2014 in Paris, France, to join forces in the Pan-China region to develop Accor brands and to form an extensive and long-term alliance. The transaction is expected to close upon completion of anti-trust review, legal restructuring and other closing conditions. Accor is the world's 6th largest hotel group, with more than 3,700 hotels in 92 countries. China Lodging Group is a leading and fast-growing hotel group in China, with a portfolio focusing on the economy and midscale hotel segments. This ground-breaking alliance will combine the strengths of Accor's global brands and network with China Lodging Group's extensive coverage and strong development capability in China.
HTHT: 38.53 (+0.47)

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