shimao property holdings
Shimao Property Holdings Partners With Starwood Capital Group to Create New Hotel Joint Venture in China
Shimao Hotels & Resorts | March 29, 2017
SHANGHAI and MIAMI, March 29, 2017 -- Shimao Property Holdings Limited (SEHK:813), a leading Chinese property developer and operator, and Starwood Capital Group, a leading global private investment firm, announced today that controlled affiliates of the two companies will establish a new hotel joint venture based in China. Under the terms of the agreement, the venture will be owned 51% by Shimao and 49% by Starwood Capital Group. The joint venture plans to focus on developing, operating, and branding assets in the rapidly growing hotel market in China via both management contracts and leasing agreements. A partnership between two compan...
Owned by Shimao Property Holdings, The Yuluxe Sheshan, A Tribute Portfolio Hotel, Shanghai Opens
Tribute Portfolio | February 22, 2017
SHANGHAI and BETHESDA, Md., Feb. 22, 2017 -- Tribute Portfolio™, part of Marriott International, Inc. (NASDAQ:MAR), today announced its debut in China with the addition of The Yuluxe Sheshan, A Tribute Portfolio Hotel, Shanghai. Owned by Shimao Property Holdings, the hotel joins Tribute Portfolio's collection of exceptional hotels around the globe, spanning from Palm Springs to Paris, and from Miami to Mendoza. In almost two years, Tribute Portfolio has opened 19 hotels with 14 on the horizon, including The Honghe Nativeland Mile in Yunnan, China. "With a growing demand from global travelers for new, imaginative travel ex...
