Shimao sets its sights on top hotel market

Shimao Star Hotels Group, a joint venture launched by the large-scale international and comprehensive investment company Shimao Group, and US private investment firm Starwood Capital Group, is expanding into China's top hotel market.

Less than two years after the founding of the joint venture, in which Shimao holds a 51 percent stake and Starwood 49 percent, Shimao Star has expanded its portfolio.

It now has six brands - luxury five-star resort Yu Resort, five-star business offering Yuluxe Hotels, business brand Yu Hotel, apartment brand Yu Residence, and mid- and high-end futuristic concept hotels MiniMax Hotel and MiniMax Premier Hotel.