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Hospitality Mergers and Acquisitions in China

1 min reading time

Published on 28/05/11 - Updated on 17/03/22

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Hotel Inns is ready to acquire 59% of Motel 168

Both hotel chains are positioned against each other in the budget market.Accor, Jin Jiang, and 7 Days Inn have all reportedly been connected to the bidding.Home Inns & Hotels Management Inc. (Hotel Inns) has reportedly been chosen as the preferred bidder for Shanghai Motel Management Co. (Motel 168).The bid was only half of what the seller (Morgan Stanley real estate fund) was hoping to get. In other words, they're only getting $500 million instead of $1 billion.Accor, Jin Jiang, and 7 Days Inn have all reportedly been connected to the bidding.

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