• Domestic hotel groups bid for Shanghai Motel

Several domestic hotel companies in China have partnered with private equity groups to bid for Shanghai Motel Management, which is on the market for $1bn.

According to Reuters, bids have come from China Lodging Group, 7 Days Group Holdings and Home Inns & Hotels Management. Majority stakeholder Morgan Stanley put Shanghai Motel up for sale last month.

See the full story here:
http://www.reuters.com/article/2011/03/24/motel168-sale-idUSL3E7EO1DD20110324

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