Jinjiang International
Jin Jiang International (Holdings) Co., Ltd. is a tourism and hospitality company headquartered in Shanghai, China, and owned by the Shanghai Municipal People's Government.
Headquarters, Union Friendship Tower | |||||||
| Company type | State-owned | ||||||
|---|---|---|---|---|---|---|---|
| Industry | Tourism Hospitality | ||||||
| Founded | 2003 | ||||||
| Founder | Shanghai Municipal People's Government | ||||||
| Headquarters | Shanghai, China | ||||||
Area served | Worldwide | ||||||
Key people | Yu Minliang (CEO) | ||||||
| Services | Hotels, resorts, travel, transport, logistics | ||||||
| Revenue | $8.68 billion (2017) | ||||||
| Total assets | $6.16 billion (2017) | ||||||
| Owner | Shanghai Municipal State-owned Assets Supervision and Administration Commission (上海市国有资产监督管理委员会) | ||||||
Number of employees | 100,000 (2017) | ||||||
| Subsidiaries | Jinjiang Hotels Louvre Hotels Group Groupe du Louvre | ||||||
| Chinese name | |||||||
| Simplified Chinese | 锦江国际（集团）有限公司 | ||||||
| Traditional Chinese | 錦江國際（集團）有限公司 | ||||||
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| Website | www | ||||||
The group operates Shanghai's Jinjiang Hotel, Peace Hotel, Park Hotel, and Metropole Hotel. Other chains operated by the group include the Jinjiang Inn and Bestay Hotel Express, and Magnotel.
In January 2015, Jin Jiang International Hotels Development Co. acquired Europe's Groupe du Louvre for 1.21 billion euros from U.S. investment firm Starwood Capital Group. In September 2015, Jin Jiang International Hotels Development Co. acquired 81% of Keystone Lodging Holding, which owns Plateno Hotels Group, 7 Days Inn and ZMAX, creating one of the world's largest hotel groups.
Interstate Hotels and Resorts manages 382 hotels and resorts in 10 countries in North America, Europe and Asia, in which Jinjiang International holds a 50 percent stake.