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BRIEF-China Lodging Group signs MOU with India's Oyo
September 13, 2017 / 4:26 AM / 2 months ago

BRIEF-China Lodging Group signs MOU with India's Oyo

Sept 13 (Reuters) - China Lodging Group Ltd

* China Lodging Group, Limited and Oyo announce strategic alliance

* Has entered into a five-year memorandum of understanding on September 8, 2017 with Oravel Stays Private Ltd

* As part of collaboration, China Lodging Group has agreed to make a $10 million equity investment in Oyo to become a minority shareholder Further company coverage:

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