Jin Jiang International (Holdings) Co., is considering increasing its stake in French hotelier Accor SA, people familiar with the matter said.
On July 14th, the authoritative person familiar with the matter said that Jinjiang Hotels and Plateno Group have reached to initial purchasing intention.
Recently, HOTELS magazine interview Christopher Sheldon, MetroPolo’s vice president and general manager of international affairs about MetroPolo and its future within the Jinjiang organization.
Chinese private equity firm Hony Capital has agreed to a buy 12.43% stake in Shanghai Jin Jiang International Hotel Group Co., Shanghai, for 15 billion yuan (US$244 million).
On April 19, Jin Jiang International Hotels was honored at the 6th annual TTG China Travel Awards 2013 as the winner of "The Best Local Hotel Chain Operating in Greater China."
Louvre Hotels, the world"s eighth-largest hotelier, which so far has three hotels in China, plans to open 25 midscale or luxury hotels in the Shanghai region within five years.
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