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Tishman Speyer buys Holiday Inn Express in Shanghai
Transactions - JANUARY 8, 2024

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Tishman Speyer buys Holiday Inn Express in Shanghai

by Andrea Zander

Tishman Speyer has agreed to acquire a majority stake in the 296-key Holiday Inn Express Shanghai Wujiaochang, located in northeastern Shanghai’s Yangpu district, according to a stock exchange filing.

The seller was EverChina International Holdings.

The sales price is estimated to be $50.4 million.

A Tishman vehicle will retain 75 percent while EverChina holds the remining 25 percent.

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