Monday, November 10, 2014


This transaction follows New World Development’s high profile sale of its three hotels – Grand Hyatt Hong Kong, Hyatt Regency Tsim Sha Tsui and Renaissance Harbour View, into a 50-50 joint venture with the Abu Dhabi Investment Authority (ADIA) for US$2.39 billion earlier in April this year, making it the biggest hotel deal in Asia in a decade

Jin Jiang owns and operates over 1,700 hotels in 11 countries, but is primarily active in China, where it has long been the primary hotel concern of the Shanghai government, and owns many of the city’s landmark hotels.

Louvre Hotels has a network of more than 1,100 hotels in more than 40 countries worldwide, ranging from one to five stars under the Premiere Classe, Campanile, Kyriad, Tulip Inn, Golden Tulip, Kyriad Prestige and Royal Tulip brands.

In November 2011, Louvre Hotels Group and Chinese hospitality and travel conglomerate Jin Jiang International Holdings established a commercial partnership which notably introduced co-branding for some hotels in major cities in China and France.

2015 June 29  
China's Jin Jiang said to hold 4% stake in Accor hotels

Just three few months after buying international budget hotel operator Louvre Hotels Group for €1.3bn, Chinese hotels group Jin Jiang has built up a 4% stake in Paris-based hotel giant AccorHotels, according to French media.

2015 June 10
Louvre Hotels gets €2.5bn from China’s ICBC to finance expansion

France-based international budget hotel operator Louvre Hotels Group, now owned by Chinese group Jin Jiang, has secured a €2.5bn credit line from Industrial and Commercial Bank of China, and says it may use some proceeds to buy further portfolios or groups.

  • Larco Enterprises Inc.’s hospitality wing has acquired the Fairmont Hotel Vancouver from Ivanhoé Cambridge for $180 million. A deal for the landmark at Georgia and Burrard streets was no surprise; the Caisse de dépôt et placement du Québec, which Ivanhoé Cambridge represents, announced plans at the end of May 2014 to sell a number of properties across North America.   Real Estate Fund has acquired numerous assets for Larco over the past decades.   If you are considering sale of your hotel assets in Canada, U.S. or U.K., please contact us.   The group owns 25 hotels in the city of London.
  • Blackstone buys Strategic Hotels
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