Xbed Xi Hotel receives RMB100 million in financing

2020-11-18
|
Michael Liang

Recently, Xbed Xi Hotel, a brand of Xbed Technology, announced that it has received a strategic investment of 100 million yuan.


The investor is Shenzhen-based Grand Capital. This round of financing will be used for future expansion of the hotel and XMS system research and development and upgrade.


Xbed Xi Hotel is a newly launched brand in 2020 focusing on small-town and rural markets.


The first batch of Xbed Xi Hotel stores are located mainly in the second and third-tier cities in Central and South China.


Compared with the pre-renovation model stores, their the average occupancy rate is over 90%, and the single-room revenue has increased by over 50%.


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