Tag: Joint Venture
TripAdvisor Partners With China’s Ctrip
NEEDHAM, Mass. and SHANGHAI — As outbound Chinese travel continues to boom, Trip.com Group Limited—formerly known as Ctrip.com International Ltd.—and TripAdvisor have announced a...
MCR and BLT Joint Venture Close $647.5 Million Portfolio Financing for 53 Hotels
NEW YORK—A joint venture of MCR and Building and Land Technology (BLT) has completed a $647.5 million financing across a 5,958-guestroom national portfolio of...
Shimao and Starwood Capital Group’s Joint Venture
A leading Chinese property developer and operator has partnered with Starwood Capital Group to launch a joint hotel venture in China. The developer, Shimao...
Northstar and Chatham to Acquire Innkeepers Portfolio
PALM BEACH, Fla.–Cerberus Capital Management and Chatham Lodging Trust reached an agreement to sell their Innkeepers joint venture for $1.3 billion. Northstar Realty will...
Carlson Rezidor Announces Joint Venture in Indonesia
BERLIN—Carlson Rezidor Hotel Group announced the signing of a joint venture agreement with Indonesia's Panorama Group that will accelerate Carlson Rezidor's portfolio growth in...