HNA Hospitality Group Denies Any Participation in Acquisition of AccorHotels Group
BEIJING, CH. June 14, 2016 - 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.
About HNA Hospitality Group
HNA Hotels & Resorts owns and manages more than 93 hotels, claims nearly 30,000 rooms throughout the world, and owns hotels and golf clubs in more than 30 cities across China. Additionally, HNA Hospitality Group is the largest shareholder (29.5%) of NH Hotel Group, which is one of the top three European hotel groups. For more information, please visit TANGLAhotels.com
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
