With its Chinese shareholder’s support, LHG will launch Campanile economy hotels in China, with the first opening in Shanghai planned for this year-end.
Louvre Hotels Group and the American Magnuson Hotels Worldwide had already been working on this partnership for a year.
Jinjiang Holdings purchase of Starwood Capital Group’s Louvre Hotel Group is its latest move to surpass Hilton Hotels globally in five years.
Golden Tulip Essential Pontianak was opened by Louvre Hotels Group as the 3rd Golden Tulip Hotel in Indonesia.
Louvre Hotels Group, acquired by Jin Jiang from U.S. investment group Starwood Capital,will reportedly invest over $100 million in the Indian hospitality space over the next three years.
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