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Huazhu acquires Crystal Orange Hotel

Huazhu Hotels has just announced the purchase of the Chinese operator Crystal Orange Hotels for €481 million.

Announced last February, Huazhu's purchase of the Chinese operator Crystal Orange Hotel has just been finalized: it amounts to €481 million (¥3.65 bn). This important acquisition will allow the hotel chain to benefit from Huazhu's extensive cover and development abilities across China.

Founded 2006, Crystal Orange is a Chinese boutique hotel operator based in Beijing. Its portfolio includes more than 100 properties across the country.

On January 1, 2016, the Huazhu Group ranked 10th among hotel groups worldwide with 2,763 properties and 278,843 available rooms, according to data published by Hospitality ON.
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