China's Central Enterprises To Divest Hotels

According to the official website of China's State-owned Assets Supervision and Administration Commission, in 2010 most central state-owned enterprises will start to divest their interest in, or reorganize the ownership of, hotels that are not part of their primary businesses.

Fraser Suites Top Glory Opens In Shanghai

Frasers Hospitality has opened the Fraser Suites Top Glory in Shanghai — the eighth property under the Fraser brand in China with another five to be opened by 2010.