Two of China’s leading hospitality groups, Plateno Hotels Group (Plateno) and Jin Jiang International (Jin Jiang) have officially merged, becoming China’s largest hotel group and the world’s top five.
The partnership was made official following the signing ceremony in Shanghai on 18 September with Jin Jiang’s parent company, publicly listed Jin Jiang International (Holdings) Co., Ltd acquiring an 81% stake in Plateno.
Jin Jiang is well established in China’s luxury, upscale, midscale and economy hotel segments with J.Hotel, Jin Jiang, Kunlun, Rock Garden (Yan Hua Yuan) and Jin Jiang Inn. Earlier this year, the company also acquired France’s Louvre Hotels Group (LHG) from Starwood Holdings incorporating the brands, Golden Tulip, Première Classe and Campanile.
Over the past two years, Plateno has acquired 10 brands with over 400 mid-scale and upscale hotels either in operation or under construction. Its diverse brand portfolio includes Lavande, Maison Albar, H12, Portofino, James Joyce Coffetel, ZMAX, 7 Days Inn, 7 Days Premium, µ Hotel and China’s first hotel brand designed for women, Xana Hotelle.
This significant partnership of Jin Jiang, LHG and Plateno effectively forms a combined portfolio of over 6,000 hotels with more than 640,000 guest rooms in 55 countries across all regions – ranking it among the world’s top 5 hotel groups.