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GreenTree Inns teams up with foreign PE and invests in Yibon Hotels

Chinese budget hotel operator GreenTree Inns has partnered with an overseas private equity firm to jointly invest RMB 150 million in domestic peer Yibon Hotels.

04/18/2017|10:17:07 AM|ChinaTravelNews

Hilton appoints former Wanda Hotel president Qian Jin as president of Greater China

Hilton announced the appointment of former Wanda Hotel president Qian Jin as president of Greater China.

04/13/2017|8:07:36 PM|ChinaTravelNews

BTG Hotels boosts operating revenue by 389.40% in 2016

BTG Hotels saw net profit in 2016 surge 110.66% YoY to RMB 210 million. Most of the company’s hotels are in the budget range, and only 9.32% hotels in upper midscale category.

04/11/2017|10:27:20 AM|ChinaTravelNews

Plateno’s experiences from its international expansion

Chinese hotel chain Plateno may gradually demonstrate its own strengths in the future development as an international brand and differentiate itself from other brands under the umbrella of Jin Jiang International Hotels Group.

04/07/2017|6:57:16 PM|ChinaTravelNews

Jin Jiang subsidiaries transfer 100% Hubs1 equity to WeHotel

Jin Jiang Hotels announced on April 5 that the company and Jin Jiang Capital plan to transfer 100% equity interests in Hubs1 to WeHotel for a total consideration of RMB 553.08 million.

04/06/2017|11:54:39 AM|ChinaTravelNews

C2B hotel booking site WoXingWoSu closes 10 million yuan Pre-A round

C2B hotel booking service WoXingWoSu announced that it has raised RMB 10 million in its Pre-A round following its 5 million yuan angel round earlier this year.

04/05/2017|10:17:32 AM|ChinaTravelNews

Jin Jiang Hotels' net profit drops 12.4% in 2016

Jin Jiang International Hotels Group reported sales revenue of RMB 17 billion, up by 39.5% YoY. Operating profit amounted to RMB 2.1 billion, 8.0% more than previous year.

03/31/2017|6:45:07 PM|ChinaTravelNews

Shimao Property partners with Starwood Capital to create new hotel JV in China

Chinese developer Shimao Property and global private investment firm Starwood Capital will establish a new hotel joint venture based in China. The venture will be owned 51% by Shimao and 49% by Starwood Capital.

03/30/2017|7:25:18 PM|ChinaTravelNews
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