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Ctrip’s partner UTour plans full acquisition of HuaYuan

03/03/2016|10 years ago

Ctrip’s partner Beijing Utour International Travel Service Co Ltd (UTour) plans to buy out Huayuan International Travel (HuaYuan) for RMB 2.6 billion. The funds for the purchase will be raised by issuing 65.61 million shares at RMB 35.82 per share plus RMB 250 million in cash.

Homeinns merges with BTG Hotels Group

12/08/2015|10 years ago

Homeinns Hotel Group announced that it has entered into a definitive Agreement and Plan of Merger with BTG Hotels Group.

Huazhu Hotels to acquire local budget hotel chain Hotel Home

12/25/2015|10 years ago

Huazhu Hotels has signed an acquisition agreement with budget hotel chain Hotel Home estimated to be worth around RMB80 million.

Homeinns returns to China stock market while Huazhu Hotels puts off privatization

12/17/2015|10 years ago

CEO David Sun said that Homeinns is returning to the Chinese stock market because Chinese investors understand the hotel group better that US investors.

Jin Jiang Hotels in major asset restructuring and joint investment with Plateno Group

08/27/2015|10 years ago

Shanghai-based Jin Jiang Hotels Group has announced it is making cash-based acquisitions of compatible hotel assets from third parties in a major restructuring.

Merger speculations ruled out for China’s top carriers

07/31/2015|10 years ago

Rumors of a merger of China’s top three carriers were laid to rest but the industry continues to speculate the carriers may consolidate their air cargo operations.

Plateno and Jin Jiang target Starwood for acquisition after merger

07/16/2015|10 years ago

An Starwood acquisition would mean China will have the largest global hotel group in the world pioneered by the upcoming Jin Jiang-Plateno merger.

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