Chinese hotel chains to merge

Chinese hotel groups Plateno Group and Jin Jiang Hotels are to merge but maintain independent operations - and speculation is mounting that the new firm will attempt to acquire a major western accommodation provider, with Starwood's name mentioned in media. The merger will create the largest hotel group in China with a total of 475,000 rooms, comprising Plateno’s 298,000 rooms and Jin Jiang 177,000 rooms.

 

Chinese hotel chains to merge

Chinese hotel groups Plateno Group and Jin Jiang Hotels are to merge but maintain independent operations - and speculation is mounting that the new firm will attempt to acquire a major western accommodation provider, with Starwood's name mentioned in media. The merger will create the largest hotel group in China with a total of 475,000 rooms, comprising Plateno’s 298,000 rooms and Jin Jiang 177,000 rooms.