Jin Jiang International (Holdings) Co., Ltd. is a Chinese

state-owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...

tourism Tourism is travel for pleasure or business; also the theory and practice of touring (disambiguation), touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tour (disambiguation), tours. Th ...

and

hospitality company The hospitality industry is a broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, travel and tourism. It includes hotels, tourism agencies, restaurants and bars. Sectors ...

headquartered in

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

, China. The group operates Shanghai's

Jinjiang Hotel Shanghai Jinjiang Hotel (a.k.a. Jin Jiang Hotel) is a luxury hotel in Shanghai. The main part of the hotel comprises two early 20th century apartment buildings, set around two lawns. The hotel contains 515 guest rooms, which include both mod ...

Peace Hotel The Peace Hotel () is a hotel on The Bund in Shanghai, China, which overlooks the surrounding areas. The hotel has two different buildings. The Sassoon House, originally housed the Cathay Hotel and is today the Fairmont Peace Hotel run by Fairmon ...

, Park Hotel, and Metropole Hotel. Other chains operated by the group include the Jinjiang Inn and Bestay Hotel Express, and Magnotel. In January 2015, Jin Jiang International Hotels Development Co. acquired Europe's

Groupe du Louvre Groupe du Louvre is a French company, headquartered in Village 5, La Défense in Nanterre, France. Groupe du Louvre and Louvre Hotels Group was sold to Shanghai Jin Jiang International Hotels Development Co., Ltd. in 2015. The company was owned ...

for 1.21 billion euros from U.S. investment firm

Starwood Capital Group Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners ...

. In September 2015, Jin Jiang International Hotels Development Co. acquired 81% of Keystone Lodging Holding, which owns Plateno Hotels Group,

7 Days Inn 7 Days Group Holdings Limited, operating as 7 Days Inn (), is a Chinese budget hotel chain. It was established in 2005. It has its headquarters in the Creative Industry Zone in Haizhu District, Guangzhou. History 7 Days Inn was established in ...

and ZMAX, creating one of the world's largest hotel groups. Interstate Hotels and Resorts manages 382 hotels and resorts in 10 countries in North America, Europe and Asia, in which Jinjiang International holds a 50 percent stake.

Corporate affairs

Its headquarters are in the in

Huangpu District, Shanghai Huangpu District (), makes up the eastern part of Shanghai's traditional urban core and is today the most central of Shanghai's 16 districts. Huangpu district is the seat of municipal government, includes key attractions such as The Bund and the ...

Subsidiaries

Jinjiang Hotels

Shanghai Jin Jiang International Hotels (Group) Company Limited (Jinjiang Hotels Group or Jinjiang Hotels in short) is the largest

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a ref ...

group in China. It has more than 380 hotels and

inns Inns are generally establishments or buildings where travelers can seek lodging, and usually, food and drink. Inns are typically located in the country or along a highway; before the advent of motorized transportation they also provided accomm ...

affiliated to it and under its management in major Chinese cities, including

and Jinjiang Inns. zh, s=锦江之星, t=錦江之星, l=Jinjiang star It is

headquartered Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top ...

. The Group's

subsidiary company A subsidiary, subsidiary company or daughter company is a company (law), company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company ...

, Shanghai Jinjiang International Hotel Development Company Limited () was listed on the

Shanghai Stock Exchange The Shanghai Stock Exchange (SSE) is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exc ...

in 1996. Its

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

, Shanghai Jinjiang International Hotels (Group) Company Limited

H shares H shares () refer to the shares of companies incorporated in mainland China that are traded on the Hong Kong Stock Exchange. Many companies float their shares simultaneously on the Hong Kong market and one of the two mainland Chinese stock exc ...

() was listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

in 2006. Jin Jiang International Hotel Management Company Ltd () has its headquarters in

Pudong Pudong is a district of Shanghai located east of the Huangpu, the river which flows through central Shanghai. The name ''Pudong'' was originally applied to the Huangpu's east bank, directly across from the west bank or Puxi, the historic city ...

, Shanghai.

Jinjiang Inns

The Jinjiang Inn Co., Ltd. () division has its headquarters in

Minhang District Minhang District is a suburban district of Shanghai with a land area of and population of 2,429,000 residents as of 2010. The original Minhang consist of present-day Jiangchuan Road Subdistrict (Former Minhang Town) and the eastern strip of Wu ...

, Shanghai. The first two Jinjiang Inns in

Metro Manila Metropolitan Manila (often shortened as Metro Manila; fil, Kalakhang Maynila), officially the National Capital Region (NCR; fil, link=no, Pambansang Punong Rehiyon), is the capital region, seat of government and one of three List of metrop ...

were scheduled to open in 2014.

Jinjiang Travel

Shanghai Jin Jiang Tours Co., Ltd., also known as Jinjiang Travel, is headquartered in

Other investments

Jinjiang International led a consortium to buy

Radisson Hotel Group Radisson Hospitality, Inc. (trading as Radisson Hotel Group) is an American multi-national hospitality company. It started as a division of Carlson Companies, which owned Radisson Hotels, Country Inns & Suites and other brands. In 1994, Carlson s ...

(former Carlson Rezidor Hotel Group) from fellow Chinese company

HNA Group HNA Group Co., Ltd., is a Chinese conglomerate headquartered in Haikou, Hainan, China. Founded in 2000, it was involved in numerous industries including aviation, real estate, financial services, tourism, logistics, and more. It is a part owner ...

in 2018.

Notes

; Names in Chinese

References

; Citations

External links

Shanghai Jin Jiang International Hotels (Group) Company Limited

Jinjiang Hotels

Jinjiang Inns
{{authority control Hospitality companies established in 2003 Companies based in Shanghai Companies listed on the Shanghai Stock Exchange Companies listed on the Hong Kong Stock Exchange H shares Hospitality companies of China Hospitality companies Hotel chains in China Government-owned companies of China Chinese brands