China Lodging Group, Limited Buyback
OLI recorded this information on 3/17/2016
China Lodging Group, Limited
China Lodging Group, Limited (NASDAQ:HTHT) ("China Lodging Group" or the "Company"), a leading and fast-growing multi-brand hotel group in China, today announced that its Board of Directors has authorized additional repurchases of its own outstanding American Depositary Shares ("ADSs"), bringing the Company's available repurchase authorization to US$80 million.
Huazhu Group is a holding company. Through its subsidiaries, Co. is engaged in operating leased and owned, manachised and franchised hotels. Co. operates the following hotel brands: Economy hotel, which include HanTing Hotel, Hi Inn, Elan Hotel, Zleep Hotels and Ibis; Midscale hotel, which include Starway Hotel, JI Hotel, Orange Hotel, Ibis Styles and Mercure; Upper midscale hotel, which include Manxin Hotel, Crystal Orange Hotel, IntercityHotel and Novotel; Upscale hotel, which include Blossom Hill Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure and Madison Hotel; and Upper upscale, which include Joya Hotel and Steigenberger Hotels & Resorts.
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Strong Buy (4.00 out of 4)