{"id":5023,"date":"2007-11-08T07:45:56","date_gmt":"2007-11-07T23:45:56","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2007\/11\/08\/5023-cts-purchases-mainland-hotels-from-parent-company\/"},"modified":"2007-11-08T07:45:56","modified_gmt":"2007-11-07T23:45:56","slug":"cts-purchases-mainland-hotels-from-parent-company","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2007\/11\/08\/5023\/","title":{"rendered":"CTS Purchases Mainland Hotels From Parent Company"},"content":{"rendered":"<p>China Travel Service has purchased mainland hotel businesses from its parent company China Travel Service Group for HK$1.107 billion.<!--more--><\/p>\n<p>After the purchase, CTS will be responsible for the management companies of 23 hotels and they will own 60% share of three hotels in Beijing, Shanghai and Yangzhou, respectively. China Travel Service Group says it will guarantee those three hotels reach at least HK$46 million total profit by the end of this December.<\/p>\n<p>Those three hotels are CTS (HK) Grand Metropark Hotel Beijing, Metropark Service Apartment Shanghai and Metropark Hotel Yangzhou.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China Travel Service has purchased mainland hotel businesses from its parent company China Travel Service Group for HK$1.107 billion.<\/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-5023","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/5023","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=5023"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/5023\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=5023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=5023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=5023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}