BTG Hotels’ invested RMB5.1 million investment and Shanli Hanshe Tourism Investment contributes RMB4.9 millionto BTG Hanshe Hotel Management JV.
According to Club Med’s development plan, China will become the second largest market after France for Club Med by 2015.
Jinjiang Holdings purchase of Starwood Capital Group’s Louvre Hotel Group is its latest move to surpass Hilton Hotels globally in five years.
Chinese investors will inject more than 200 million GBP annually into the global hotel marketboosting their market share from the current 4% to 10% by 2017.
Starwood Hotels plans to open 20 hotels in greater China in 2015, including two luxury hotels, 12 high-end hotels, and six select boutique hotels.
Wanda Hotels 2014 revenue dropped HK$1.162 billion and the value of its property investments in Fujian Province decreased HK$147 million.
Vienna Hotel wants a Series C financing round this year to raise at least RMB1 billion and pave the way for an IPO in 2017.
Jones Lang LaSalle (JLL) forecast that Chinese companies will invest an estimated US$5.1 billion in US hotel assets this year.
