Shanghai-based Jin Jiang International Holdings has outbid Accor, Europe’s biggest hotelier, in a race to buy a group of French budget hotels, underscoring Chinese groups’ thirst for European assets.
上海锦江国际集团(Jin Jiang International Holdings)在竞购法国经济型酒店集团时开价高于欧洲最大的酒店经营者雅高集团(Accor)，突显出中国企业对欧洲资产的渴求。
The Chinese-state backed company said yesterday it had agreed to acquire Groupe du Louvre, which operates the Campanile, Kyriad and Premiere Classe brands, from Starwood Capital.
这家中国政府背景的集团昨日表示，它已达成从喜达屋资本集团(Starwood Capital)手中收购卢浮酒店集团(Groupe du Louvre)的协议，后者经营着Campanile、Kyriad和Premiere Classe等品牌。

The financial terms were not disclosed, but people with knowledge of the sale said the price exceeded