Interstate begins joint venture to manage hotels in China
- April 16, 2010
Arlington-based Interstate Hotels & Resorts has signed an agreement with a leading Chinese hotel operator and developer to manage hotels in China.
Interstate’s joint venture with Shanghai Jin Jiang International Hotels Co. Ltd., called Interstate China Hotels & Resorts, already has begun discussions with prospective clients. Interstate will open an office in Shanghai and hire a chief executive officer to lead the joint venture.
Interstate and its affiliates manage or have ownership interests in more than 225 properties in the United States, Russia, India, Mexico, Belgium, Canada, Ireland and England.