China's HNA forms JV with Spain's NH Hotel Group

Beijing

In China, HNA Hospitality Group is forming a joint venture with European hotel chain NH Hotel Group. The move will see the creation of a joint office and Chinese brand name, Nuo Han.

NH Group also announced two new NH-branded hotels that will enter the China market before the end of the year.

NH China (Beijing NH Grand China Hotel Management Co.), the joint venture between NH Hotel Group and HNA Hospitality, is located in Tower A, HNA Plaza in the central business district of Chaoyang, Beijing, China. The establishment of this company follows the strategic MoU signed between NH and HNA as part of the bilateral trade summit between Spain and China.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


"The joint venture's corporate purpose is to build a portfolio of NH Hotels and NH Collection brand hotels in the midscale and upscale segments in China owned by HNA or by third parties with a target to develop 120 to 150 hotels by the year 2020. This business approach fits with NH Hotel Group's strategy of pursuing growth using capital-light formulas."

Read more on

Suggested Articles

Kansas-based management and ownership company True North Hotel Group is opening four new hotels within a month.

After launching in North Carolina, the brand will expand into Virginia, Tennessee, South Carolina and Texas.

Radisson Individuals aims to bring independent hotels and local, regional chains into the global Radisson Hotel Group platform.