Agency says budget hotel mergers accelerate

Source: Internet
Author: User
Keywords Hotel
Tags agency economic
Xinhua News (Reporter Li Meiling) yesterday, the Arts Brigade advisory issued a report said that the 7 days in Friday hotel chain announced to 136 million yuan in cash to purchase the star hotel chain full equity. Art Travel Consulting is expected, the acquisition completed in 2011 7 days Hotel revenue will reach 2.1 billion yuan, more than Jinjiang star leaped into the industry third. Budget hotel mergers and acquisitions will accelerate, with TOP5 expected to occupy 70% per cent by 2012.  From last year Jinjiang star "Lightning" acquisition of unknown gold Canton Fast, to the latest 7 days to buy Huaxing star, the Economic hotel industry mergers and acquisitions movements. Mergers and Acquisitions review October 2007 such as home acquisition of the Big Dipper 100% Equity September 2010 Jinjiang Star acquisition Jin Guang fast 70% shares in May 2011 such as home to buy Mo Thai 168 of 100% shares in July 2011 7 days Mergers and Acquisitions Wah star 100% Equity
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