To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionTwo Chinese firms team up to launch hotel investment fund
Huazhu Hotels Group, a NASDAQ-listed hotel operator has teamed up with Everbright’s real estate investment arm to launch a private equity investment fund focusing on hotel and residential opportunities in China, reported media outlets.
Financial details of the fund were not disclosed.
The fund will use a value-added strategy. It has acquired its first project, Minya Hotel Shanghai.