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Minor Hotels signs MOU to plot China expansion
Minor Hotels is targeting significant expansion in China after signing a Memorandum of Understanding (MoU) with Funyard Hotels & Resorts.
The partnership hopes to fuel the expansion of Minor brands Anantara, Avani, Oaks, Tivoli and NH Hotels in mainland China.
Funyard is a core alliance enterprise of Country Garden, and currently manages more than 200 hotels.
It also offers operations and asset management services.
"China’s hospitality market is extremely competitive, but full of opportunities. We highly value this chance to partner with Funyard Hotels & Resorts to support each other’s global branding strategies," said Dillip Rajakarier, CEO of Minor Hotels.
Minor operates 530 hotels in 56 countries and regions.
"Minor Hotels is an outstanding establishment in the global hotel and resort market. We look forward to working with Minor Hotels to tap into the Chinese resort market," said Ji Hongjun, President of Funyard Hotels & Resorts.
Written by Ray Montgomery, Asia Editor
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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