On the Record · H World Group
H World Group acquisitions, on the record
The businesses H World Group bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Deutsche HospitalityWord for word“In January 2020, we completed the acquisition of Deutsche Hospitality, which operates in Europe, the Middle East, Asia and Africa, with hotels under brands of Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel, and Zleep Hotels .” 20-F for 2023 | acquisition | January 2020 | — |
CitiGOWord for word“In May 2021, we completed the acquisition of CitiGO, which operates hotels under the brand of CitiGO Hotel .” 20-F for 2023 | acquisition | May 2021 | — |
Crystal Orange Hotel Holdings LimitedWord for word“We acquired Crystal Orange Hotel Holdings Limited, or Crystal Orange, in May 2017, which holds hotels under the brands of Crystal Orange Hotel and Orange Hotel .” 20-F for 2023 | acquisition | May 2017 | — |
Blossom Hotel Investment Management (Kunshan) Co., Ltd., or Blossom Hotel ManagementWord for word“In August 2018, we completed the acquisition of a majority stake in Blossom Hotel Investment Management (Kunshan) Co., Ltd., or Blossom Hotel Management, which holds hotels under the brand of Blossom Hill Hotels & Resorts (currently Blossom House ) .” 20-F for 2023 | acquisition | August 2018 | — |
Starway HKWord for word“We acquired a 51% equity interest in Starway HK, a midscale hotel chain, and expanded our offering to four hotel brands.” 20-F for 2023 | acquisition | — | — |
Starway HK (remaining 49% equity interest from C-Travel International Limited)Word for word“We acquired the remaining 49% equity interest in Starway HK from C-Travel International Limited.” 20-F for 2023 | acquisition | — | — |
Steigenberger Hotels AGWord for word“We completed the acquisition of all equity interest in Steigenberger Hotels AG, which was engaged in the business of operating and managing hotels under five brands, namely Steigenberger Hotels & Resorts, MAXX, Jaz in the City, IntercityHotel and Zleep Hotels , primarily in Europe.” 20-F for 2023 | acquisition | — | — |
Ni Hao Hotel brandWord for word“In 2020, we acquired the Ni Hao Hotel brand, and started to develop and operate hotels under this brand.” 20-F for 2023 | acquisition | 2020 | — |
Crystal Orange Hotel Holdings Limited (Crystal Orange)Word for word“We acquired Crystal Orange Hotel Holdings Limited, or Crystal Orange, in May 2017, which holds hotels under the brands of Crystal Orange Hotel and Orange Hotel .” 20-F for 2024 | acquisition | May 2017 | — |
Blossom Hotel Investment Management (Kunshan) Co., Ltd. (Blossom Hotel Management)Word for word“In August 2018, we completed the acquisition of a majority stake in Blossom Hotel Investment Management (Kunshan) Co., Ltd., or Blossom Hotel Management, which holds hotels under the brand of Blossom Hill Hotels & Resorts (currently Blossom House ) .” 20-F for 2024 | acquisition | August 2018 | — |
Starway HK (51% equity interest)Word for word“We acquired a 51% equity interest in Starway HK, a midscale hotel chain, and expanded our offering to four hotel brands.” 20-F for 2024 | acquisition | — | — |
Starway Hotel brandWord for word“In 2012, we acquired the Starway Hotel brand.” 20-F for 2024 | acquisition | 2012 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2016-12-31 | −$18.9 million |
| 2017-12-31 | $575.7 million |
| 2018-12-31 | $72 million |
| 2019-12-31 | $35 million |
| 2020-12-31 | $775 million |
| 2021-12-31 | $116 million |
| 2022-12-31 | $8 million |
| 2023-12-31 | $0 |
Read from H World Group’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.