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Article: STARWOOD GROUP AND JIN JIANG HOTELS ENTER STRATEGIC RELATIONSHIP.
- Article from:
- AsiaPulse News
- Article date:
- December 7, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEDIA RELEASE PR24542
Starwood Capital Group and Jin Jiang Hotels Enter Strategic Relationship
GREENWICH, Conn., Dec. 6 /PRNewswire-AsiaNet/ --
Partnership Combines One of the Largest Asian-Owned Hotel Brands with Starwood Capital's Extensive Acquisition and Management Experience
Starwood Capital Group announced today that it has entered into a strategic relationship with Shanghai Jin Jiang International Hotels (Group) Company Limited ("Jin Jiang"), one of China's largest hotel operators.
Under the terms of the agreement, Starwood Capital will make a $30 million ...