Budget hoteliers eye Motel 168 chain | China business news

With eyes on the popular Chinese motel chain that could fetch up to $1 billion, the top four Chinese budget hoteliers, 7 Days Group Holding Ltd, Shanghai International Jin Jiang Hotel Group, Hanting Hotel Group and Home Inns & Hotel Management Inc all indicated their interest in ... According to the 21st Century Business Herald, a total of 30 million yuan investment was put to Tianjin's first Ibis in 2004, which means each of its 157 rooms cost more than 200000 yuan. ...