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Ascott China and Jin Jiang Hotels form 50:50 JV to expand apartment hotel brands in China.
Ascott China and Jin Jiang Hotels have formed a 50:50 joint venture to expand their apartment hotel brands, Quest and TULIP LODJ, in China.
This partnership aims to address the rising demand for upscale and upper midscale apartment hotels using a franchise model.
Leveraging Jin Jiang's infrastructure and Ascott's experience, the JV will enhance property distribution and loyalty programs, marking a significant step in Ascott's growth strategy in the region.
6 months ago
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