SIMPLE Capsule Hotel has won a joint investment from Shanshan Ventures and PIF in its Series A financing round.
“Many Chinese travelers see the hotel they stay in as a symbol of career status.“
Jin Jiang reported a 41.48% increase in revenue and 59.1% increase in net profit in Q1 y-o-y, at RMB909 million and RMB154 million respectively.
After concluding a US$442 million purchase of Hilton International’s Hilton Sydney, Bright Ruby is also looking to buy The Westin Sydney for US$400 million.
Far East Consortium International’s chairman is in negotiations over a AUD$75 million deal to purchase the five-star Pullman Cairns International.
New World Development announced it will transfer the full ownership of three Hong Kong hotels to a joint venture the HIP Group.
200 Hunan hotels have suspended supply to Qunar for offering unauthorized 50% discounts on hotel rates on its platform.
SOCAM Development of the Shui On Group sold 131 units with parking of the Shanghai Pudong Four Seasons Hotel and Four Seasons Apartments.
