• Jin Jiang bags Louvre

Chinese group Jin Jiang has bought the Louvre hotel group from seller Starwood Capital. The deal price for the 1,100 hotel group was not disclosed but is estimated at more than EUR1.2bn.
Jin Jiang established a partnership with Louvre three years ago, building brand awareness across European and Chinese markets. Jin Jiang already owns or operates 1,700 hotels and 250,000 rooms across Asia.
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