Jenny Zhang Appointed as Advisory Board Member (censeur) of AccorHotels’ Board of Directors
05 July 2018 - 9:00PM
Huazhu Group Limited (NASDAQ:HTHT) (the “Company” or “Huazhu”), a
leading and fast-growing multi-brand hotel group in China, today
announced that Ms. Jenny Zhang, Huazhu’s CEO, has been appointed as
Advisory Board member (censeur) of AccorHotels’ Board of Directors,
effective June 26, 2018.
“I am delighted to join AccorHotels’ Board of
Directors on behalf of Huazhu Group,” commented Ms. Zhang. “Since
our strategic alliance in 2016, Huazhu and AccorHotels have been
working closely and generated remarkable results for the
shareholders of both companies. With our recent investment and
directorship in AccorHotels, we will further strengthen our
cooperation in more aspects.”
Sebastien Bazin, Chairman and CEO of
AccorHotels, commented: “We welcome Huazhu and Jenny at our Board
of Directors. Our partnership has been delivering strong results
over the past couple of years; this new step highlights our mutual
commitment to our partnership. China is a key priority for
AccorHotels globally, both in terms of network development and
attracting the fast growing Chinese travelers to our hotels
worldwide. Jenny and Huazhu’s wealth of expertise in this market
will be of great value to
AccorHotels.”
About Huazhu Group LimitedHuazhu Group Limited is
a leading hotel operator and franchisor in China. As of March 31,
2018, the Company had 3,817 hotels or 384,959 rooms in operation.
With a primary focus on economy and midscale hotel segments,
Huazhu’s brands include Hi Inn, HanTing Hotel, Elan Hotel, HanTing
Premium Hotel, JI Hotel, Starway Hotel, Joya Hotel, Crystal Orange
Hotel, Orange Hotel Select, Orange Hotel and Manxin Hotel. The
Company also has the rights as master franchisee for Mercure, Ibis
and Ibis Styles, and co-development rights for Grand Mercure and
Novotel, in Pan-China region.
The Company's business includes leased and
owned, manachised and franchised models. Under the lease and
ownership model, the Company directly operates hotels typically
located on leased or owned properties. Under the manachise model,
the Company manages manachised hotels through the on-site hotel
managers it appoints and collects fees from franchisees. Under the
franchise model, the Company provides training, reservation and
support services to the franchised hotels and collects fees from
franchisees but does not appoint on-site hotel managers. The
Company applies a consistent standard and platform across all of
its hotels. As of March 31, 2018, Huazhu Group operates 22 percent
of its hotel rooms under lease and ownership model, 78 percent
under manachise and franchise models.
For more information, please visit the Company’s
website: http://ir.huazhu.com.
Contact InformationInvestor RelationsTel:
+86 (21) 6195 9561Email:
ir@huazhu.comhttp://ir.huazhu.com
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