Thayer joins Chinese firm to buy Interstate Hotels

Washington Post, Dec.19,2009 on page A14:

Frederic Malek's Thayer Lodging Group joins with a Chinese hospitality firm to acquire a large hotel firm for $307 million, the firms said.

Thayer is teaming up with Shanghai Jin Jiang Interenational Hotels in an all-cash, 50-50 joint venture.

Photo: The Hamilton Crowne Plaza, at 14th and K Streets, NW, is one of more than 200 hotels worldwide managed by Interstate Hotels.

Malek was president of Marriott Hotels and the Ritz-Carlton hotels. He was president of Northwest Airlines.

Here is another evidence of Sino-American Economics in action.

Francis Shieh aka Xie Shihao was a guest at Jin Jiang hotel in Shanghai and enjoyed Shanghai very much as a native of Shanghai since 1926.

Sunday, December 20, 2009 at 1.12 p.m.