- Huazhu Group Ltd’s HTHT subsidiary Steigenberger Hotels AG has signed a license agreement with Porsche Lizenz- und Handelsgesellschaft mbH & Co. KG (Porsche Design) to jointly develop a new hotel brand.
- The joint hotel brand will be called Steigenberger Porsche Design Hotels and positioned as a luxury lifestyle brand.
- This hotel brand is expected to be launched in selected international metropolises.
- As of March 31, 2021, Huazhu Group operated 6,881 hotels with 662,512 rooms in 16 countries.
- Price action: HTHT shares are trading lower by 1.45% at $49.76 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
