Keyword: Plateno Hotel Group

Hotel operator Interstate for sale, could fetch as much as $600M

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.