Fenwick & West represented Keystone Lodging Holdings Ltd. in its acquisition by the Shanghai Jinjiang Hotel Group. Jinjiang has entered an agreement to purchase an 81% stake in Keystone Lodging for 8.3 billion yuan ($1.3 billion). When the transaction is consummated, the combined company would rank among the world's top five hotel groups. More information about Keystone’s stake acquisition by Shanghai Jinjiang can be obtained from the Bloomberg press release.
The Fenwick transaction team included corporate attorneys Karen Yan, Ruomu Li, Liz Qin, Benjamin Yao and Gang Cheng.