Travel Reservations - OrangeSmile Tours
Best destinations around the world - Travel Guide

Find the right hotel

Hotel Business News and Analytics
Important! This article is written by editors and is protected by copyright law. The article can only be re-used with a direct link to
All news:

China Hoteliers teaming to Acquire Their Rival

News Three largest domestic owners of hotels in China have decided to make a partnership targeted on buying their rival – Shanghai Motel Management Co. The companies plan to team up a private entity to gather enough funds as the asking price for the Shanghai hotelier is high – US$1 billion.

Shanghai Motel is put up for sale by its main shareholder – Morgan Stanley. Shanghai Motel has very successful business in China, where it has over 266 accommodations under the Motel 168 brand. 108 hotels in China from the abovementioned 266 ones are operated according to the franchise agreement.

The main bidder on this hotelier is China Lodging Group Ltd. This firm is the parent company of the Hanting Hotels brand that is very popular in the country. China Lodging Group Ltd. is planning to couple with other two gigantic companies specializing on budget accommodations in China. These are Home Inns & Hotels Management Inc. and 7 Days Group Holdings.

In order to accumulate the asked billion, China Lodging has made collaboration with General Atlantic CHD Investments and Bain Capital LLC. The other two companies also start collaborations with Carlyle Group and Warburg Pincus LLC.

Previous article / Back to news index

Stay in touch with the latest news of a worldwide hotel industry. All up-to-date analytics, news, and reports about hotel business trends on

Our travel services
 Car Rental
Car Hire Worldwide
 News in languages
 Top 20 destinations
52 hotels
55 hotels
335 hotels
102 hotels
60 hotels
64 hotels
150 hotels
50 hotels
89 hotels
77 hotels