Swiss Liberty Acquires Swissotel Kunshan
Jones Lang LaSalle Hotels, representing Kingdom Hotel Investments, has announced that it has inked a sale-and-purchase agreement for shares with Swiss Liberty Sdn Bhd, a wholly-owned subsidiary of TA Global Bhd, to buy the business and hotel of Swissotel Kunshan in Kunshan, China for USD61 million.
Taiwan's Formosa International Hotels To Acquire Regent Brand
Formosa International Hotels Corporation has announced that it will acquire the Regent luxury hotel business from Carlson and the Rezidor Hotel Group AB at a price of USD56 million.
Jin Jiang Hotels Acquires US Hotel Group
Shanghai-based Jin Jiang International Hotels is accelerating its overseas expansion plan with the acquisition of USA-based Interstate Hotels & Resorts.
Ctrip.com Acquires ezTravel
Ctrip.com announced at its analyst conference call for the second quarter that it has acquired Taiwan's largest travel website, ezTravel, and plans to enter the Taiwan tourism market.
Swiss Kuoni Acquires Share In Et-china
Swiss-based Kuoni Group, one of Europe's largest travel companies , has acquired an equity holding of about 32% in Et-china.com International Holdings Limited.
Ctrip.com Raises Holdings In Home Inns
Ctrip.com International, an online travel service provider in China, has raised its holdings in Home Inns & Hotels to 8.72% from the previous 7.55%.
Xi'an Tourism Group Purchases Guanghua Hotel In Shaanxi
The Xi'an Tourism Group has announced that it has agreed to acquire the total assets of the Guanghua Hotel in Shaanxi at no cost by bearing responsibility for all its debts and taking on all the hotel's staff.
Hanting Hotels Receives Second Round Investment
Ji Qi, the CEO of Hanting Hotels, has told local media that Hanting has obtained its second round of financing, a total investment of USD55 million following the USD85 first round of funding raised last year.
China Travel HK Acquires Remaining 49% Share Of USCTS
China Travel International Investment Hong Kong has announced that it has agreed to acquire the outstanding 49% share of China Travel Service (USA), for USD264,000.
Huatian Hotel To Acquire 100% Share Of Changchun Huatian Hotel
The Hunan Huatian Great Hotel Company has announced that it will acquire a 100% share of Changchun Huatian Hotel for CNY400 million.
Shun Cheong Group Acquires Wharton International Hotel In Guangxi
Shun Cheong Holdings Limited has announced that it has acquired all the shares of Guangxi Wharton International Hotel for CNY87.814 million and will take over the hotel's loan commitment of CNY472 million.