China’s Huazhu Group Is Spending $802 Million on a German Hotel Group

Photo Credit: The Steigenberger Frankfurter Hof hotel. Parent company Deutsche Hospitality is being bought by Huazhu. Steigenberger Hotels AG
Skift Take
Deutsche Hospitality isn't a massive player on the European hospitality scene, but it has some pretty ambitious plans, ones you would assume that Huazhu would now be able to help execute.