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HNA Hospitality Group Declares “Not Participated In The Acquisition Of AccorHotels Group”

June 16, 2016 Business News No Comments Print Print Email Email

In response to the recent groundless reports, claiming that “AccorHotels attempts to join forces with HNA to counter Jin Jiang Hotels”, HNA International Hotels & Resorts Management Co., Ltd. (“HNA Hospitality Group”) issued the following statement:

As of now, HNA Hospitality Group neither has discussed with French AccorHotels Group on the equity acquisition, nor plans to have such discussion. Relating reports are false.

As a global leading hotels group, HNA Hospitality Group is on the mission to establish a Chinese hotel brand. At the same time, HNA Hospitality Group actively fulfills a company’s responsibilities in the society, with the dedication in creating a healthy market environment for the hotel industry with stakeholders, including the government, investors, industry peers, and customers.

HNA Hospitality Group has always been cautious with investments, following industry standard business codes and company work rules strictly, and will not participate in hostile bidding with any projects.

HNA Hospitality Group reserves the rights to pursue any legal rights available should any individual or company discuss project acquisition in the name of HNA Hospitality Group without authorization.

HNA Hospitality Group declares the statement hereby.

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