Chinese investors acquired UK hotel chain for $620 million

HK CTS Metropark Hotels, A Chinese hotel firm operating 50 hotels in China, Hong Kong and Macau, has acquired Kew Green Hotels, a UK hotel chain operating 50 hotels across the UK, for $620 million.

HK CTS Hotels is a wholly-owned subsidiary of China National Travel Service HK Group Corporation. It operates 50 hotels in Hong Kong, Macau and major destinations throughout the mainland China such as Beijing, Shanghai, Chongqing, and other cities. Founded in 2001, Kew Green Hotels operates over 50 hotels in UK cities including London, Glasgow, Leeds, Liverpool, Birmingham and Portsmouth. It has franchise agreements with Holiday Inn, Crowne Plaza, Holiday Inn Express, Courtyard by Marriott and Ramada.

To see a list of investors from China similar to HK CTS Metropark, check the Chinese Investors Directory.

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