Accor to Sell a 5% Stake in Huazhu for USD451m

Accor and Huazhu will continue to develop their partnership and growth dynamic initiated 4 years ago, which has enabled the openings of 200 economy and midscale hotels in China, mainly under the ibis, Novotel and Mercure brands. An additional 250 properties in the pipeline are scheduled to open over the next 3 years.
Source: New feed


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