China's HNA calls off deal with NH Hoteles | reuters.com
Spain's NH Hoteles said on Tuesday China's HNA Group, parent of China's Hainan Airlines, had called off a deal to take a stake in the Spanish hotel group due to financial market uncertainty. NH Hoteles shares fell nearly 13 pct on the news, as analysts raised concerns about the hotel group's ability to refinance its debt without the expected cash injection from the Chinese group.
