Hilton has signed a management license agreement with Chinese real estate giant Country Garden to introduce and develop the Home2 Suites by Hilton brand in China.
The agreement with Funyard Hotel Investment (Asia), a subsidiary of Country Garden, further strengthens cooperation between Hilton and Country Garden. Home2 Suites by Hilton is an upper midscale lodging brand that caters for both short-term and long-term stays.
Hilton currently manages six Country Garden-owned hotels now operating or in the pipeline, according to Qian Jin, area president, Greater China and Mongolia, Hilton.
“In light of the current climate, we expect domestic tourism to be a key pillar of China’s economy and hospitality market,” he said, adding that Home2 Suites by Hilton aims to provide consumers with “a well-trusted product that is market-relevant”.
Home2 Suites by Hilton currently has approximately 400 operating hotels and over 450 hotels in the pipeline across the US and Canada, and its introduction to the Chinese market represents the first major extended stay play for the brand outside of North America.