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


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.

Huazhu Group, the company formerly known as China Lodging, has agreed to buy Frankfurt-based Deutsche Hospitality for around $802 million (€720 million). The deal will help Huazhu grow its upscale and luxury segments in Asia, including China, while expanding its international footprint. Huazhu is buying the company from Egyptian travel and tourism