China Lodging Group acquires Crystal Orange Hotels

• China Lodging Group (NASDAQ:HTHT) announces that it acquired Chinese hotel operator Crystal Orange Hotels for approximately 3.65B yuan.
• The closing is subject to the approval from the Antitrust Bureau of Ministry of Commerce of China.
• Crystal Orange operates more than 100 hotels in China, located primarily in tier 1 and tier 2 cities.
• Source: Press Release