Ogier acts for Shanghai "JinJiang" Hotels on US$1.53 billion acquisition

Ogier acted as BVI and Cayman Islands counsel to the Chinese state owned enterprise, JinJiang Hotels Group, on its US$1.53 billion acquisition of an 81% stake in Cayman Islands registered Keystone Lodging Holdings from the Carlyle Group Inc., Sequoia Capital and Actis. Keystone is the owner of the Chinese budget and mid-range hotel chain, Plateno Group (formerly 7 Days Inn Group) which was taken private in 2013.