United Kingdom
United States
Asia Pacific
More Blue Horizons for China
SHANGHAI – Prax Capital, a China-focused U.S. private equity firm, wants to become a major player in the country’s hospitality industry.
Reuters reports it has invested US$10 million in a Chinese hotel chain, aiming to tap into the country’s booming tourism market.
Prax Capital will also be actively involved in the management of the Blue Horizon chain, based in eastern China’s Shandong province, to help it become one of China’s top 10 hotel operators in the mid- to high-end sector by 2012, Prax said in a statement.
“The retail chain model within consumer services is a key sector for Prax,” Jeff Yao, managing partner of Prax Capital, said in the statement.
Prax Capital’s previous investments include restaurant chain Little Sheep and Kelti (China), a skincare salon chain operator.
Blue Horizon, founded in 1994, manages 12 hotels and two independent restaurants.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak