Keyword: Plateno Hotel Group
Hilton reported global RevPAR growth of 3 percent in the first quarter with net revenue totaling $75 million.
Economic stability and a prime location are boosting Austria's appeal for new hotels, but another industry's growth is making it even hotter.
While Chinese business have been scooping up high-profile assets across the world, the country's budget chains are also expanding beyond its borders.
Despite ongoing economic and political uncertainty in Italy, hospitality developers and hotel brands are confident enough to invest in the country.
The move will allow the group to expand in China and add 100 hotels to its portfolio over the next 10 years.
Global investor Actis has sold its minority stake in Plateno Hotel Group to Shanghai JinJiang International Hotels Development Co.
Shanghai Jin Jiang International Hotels Group can't seem to exit the news cycle. Days after speculation surfaced that it would merge with Plateno Hotels Group to form China's largest hotel company, then, perhaps, look to jointly acquire Starwood Hotels & Resorts Worldwide, reports are that, along with JV partner Thayer Lodging Group, are in talks to sell Interstate Hotels & Resorts, the largest independent hotel operator in the U.S.