Fundraising - MAY 15, 2019

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Two Chinese firms team up to launch hotel investment fund

by Andrea Zander

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.

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