CYTS Shanshui Hotel Investment & Management Company is speeding up preparations for a listing on the New Third Board.
Jin Jiang Hotels Group and Plateno Group officially sealed the strategic partnership deal in which Jin Jiang takes 81% stake in Plateno Group.
Shiji Information Technology (Hong Kong) is acquiring 75% stake of Horwath HTL Asia Pacific from Sextant Investments for US$10 million in cash.
Intercontinental Hotels and Resorts has been unseated by Hilton Worldwide Hotels after a few years in the top rank.
Pioneer Global will join hands with Gateway Capital to invest US$938 million to acquire the Intercontinental Hong Kong.
Shanghai Jin Jiang International Hotels Group chalked up 50.5% increase in operating profit, totaling RMB1.325 billion in the first half of the year.
Shanghai-based Jin Jiang Hotels Group has announced it is making cash-based acquisitions of compatible hotel assets from third parties in a major restructuring.
CEO Jenny Zhang is confident about HUAZHU outperforming peers in all segments in the time to come, and expansion continuing as per the plan.
