Ctrip sets up overseas hotel investment platform

China’s largest travel group and OTA Ctrip is joining hands with Huiyu Asset Management and Singapore-based F&H Group to form a fund management platform, Xieling Investment. Based in the Shanghai free trade zone, Xieling Investment will serve as the fund management for overseas hotel acquisition funds.

The Eurozone, still undergoing economic recovery, presents high-grade assets at discounted prices as good-value investments and these will be the initial targets of Xieling Investment. As the cornerstone investor, Ctrip will put up 10% of the RMB2.5 billion in the pre-investment funds that Xieling Investment is raising for the first series of investments, and the remainder will come from Chinese private investors and institutions.