20 September 2018

Jin Jiang targets 100 luxury hotels in 3-5 yrs, paper says

Shanghai Jin Jiang International Hotels Development Co. Ltd. (600754.CN) plans to open 100 hotels under its high-end “Metropolo” brand in major cities across China in the coming three to five years, China Business News reported late Sunday, citing a company statement. The first “Metropolo” hotel, which debuted in Shanghai on Sunday, has 111 guest rooms with an average rate of more than 500 yuan (US$81.97) per night, the report said. The company plans to expand through franchising and acquisitions, chief executive Zhang Xiaoqiang was quoted as saying.

– Contact HKEJ at [email protected]




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