• Home adds Yunshang

Chinese budget hotelier Home Inns has paid RMB230m to buy Yunshang Siji, a regional Chinese hotel operator. The deal adds 35 hotels with 3,500 rooms in Yunnan Province in the southwest of China.

Yunshang was purchased from parent company Kunming, a listed Chinese department store group. Prior to the acquisition, Home Inns had more than 1,680 hotels across 243 Chinese cities.
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