{"id":32304,"date":"2007-06-15T08:25:44","date_gmt":"2007-06-15T00:25:44","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2007\/06\/15\/3841-shangri-la-asia-introduces-three-more-investors\/"},"modified":"2007-06-15T08:25:44","modified_gmt":"2007-06-15T00:25:44","slug":"shangri-la-asia-introduces-three-more-investors","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2007\/06\/15\/32304\/","title":{"rendered":"Shangri-la Asia Introduces Three More Investors"},"content":{"rendered":"<p>According to Hong Kong media report, Shangri-la Asia will sell 20% of the stake of Shangri-la Hotel Guangzhou to three companies of Fast Action Associates Limited, Xiangtai Trade Company and Robinson Enterprise Limited.<!--more--><\/p>\n<p>Of the three new investors, Fast Action Associates Limited will acquire 10% of Shangri-la Hotel Guangzhou's stake for US$6.03 million and the remaining two will acquire 5% each for US$3.01 million.<\/p>\n<p>As a wholly-owned asset of Shangri-la Asia, Shangri-la Hotel Guangzhou formally opened its doors at the end of March. After this transaction, Shangri-la Asia hold 80% of the stake of Shangri-la Hotel Guangzhou.<\/p>\n<p>At present, Shangri-la owns 14 under-construction properties and one for-expansion property in mainland China, all of which are scheduled to open before 2009. In addition to China, Shangri-la also owns hotels in Thailand, the Philippines, Maldives and Mongolia. The group is aiming to have more than 100 hotels by 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Hong Kong media report, Shangri-la Asia will sell 20% of the stake of Shangri-la Hotel Guangzhou to three companies of Fast Action Associates Limited, Xiangtai Trade Company and Robinson Enterprise Limited.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-32304","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/32304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=32304"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/32304\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=32304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=32304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=32304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}