Advertisement

Starwood finds Chinese partner

GREENWHICH, Conn., Dec. 6 (UPI) -- Starwood Capital Group is investing $30 million in Shanghai Jin Jiang International Hotels (Group) Co. Ltd.

The investment, part of a strategic partnership with the big Chinese hotelier, will make Starwood the largest outside shareholder in the company.

Advertisement

Jin Jiang has 263 hotels in operation or under development and owns a large budget hotel portfolio in China with approximately 160 assets under the Jin Jiang Inn brand, Starwood said in a news release Wednesday.

Latest Headlines

Advertisement

Trending Stories

Advertisement

Follow Us

Advertisement