Home > Hotels > Sages Hotel Group raises US$4.8 million

Sages Hotel Group raises US$4.8 million

02/06/2015| 4:40:07 PM| ChinaTravelNews 中文

The Sages Hotel Group received a joint investment of RMB30 million from Time Warner Capital and Shanghai Xianyi Capital

The Sages Hotel Group received a joint investment of RMB30 million (approx: US$4.8 million) from Time Warner Capital and Shanghai Xianyi Capital, it announced at a company annual Spring Festival event in Shenyang. Sages Hotel Group will complete its plan to develop a chain of 100 hotels in 2015 and take the company public within four years, its CEO Dongzhe Jin said.

The Sages Hotel Management Group is a boutique hotel group with headquarters in Shenyang, Liaoning province.

Its hotel brands include Tanghe Yasha Resort Hotel brand that propagates smart lifestyle philosophy, The Sages Boutique brand that promotes the essence of Chinese culture and the Neoclassical Tangfeng brand(Translation by David)

TAGS: Sage Hotel | investment | boutique hotel
©2016 广州力矩资讯科技有限公司 粤ICP备06070077号-2
Tell us more about yourself!