Jinjiang International Elevates Hospitality Technology with HUBS1 Acquisition

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Jinjiang International Elevates Hospitality Technology with HUBS1 Acquisition

Leading Chinese Hospitality Conglomerate Acquires Innovative Technology Pioneer

[Shanghai & Washington DC, May 18, 2015] – In a groundbreaking move set to reshape the landscape of hospitality technology, Jinjiang International, a globally renowned player in the hospitality sector, has successfully acquired HUBS1, an innovative leader in travel and hotel reservation technology. This strategic acquisition marks a transformative milestone for both companies and promises to redefine the future of hotel management and guest services.

About Jinjiang International

Jinjiang International, known for its commitment to excellence in guest service and its extensive network of hotels and resorts worldwide, is taking a bold step into the future of hospitality technology with the acquisition of HUBS1. This strategic move underscores Jinjiang International's dedication to remaining at the forefront of technological advancements in the industry.

About HUBS1

Founded by industry luminary Teddy Zhang, HUBS1 has been a trailblazer in the field of hotel distribution and reservation technology. With a vision to revolutionize the way hotels connect with travelers, HUBS1 has consistently delivered innovative solutions that empower hotels to excel in the digital era. Notably, HUBS1 was the recipient of the prestigious Top 100 Global award by Red Herring, a testament to its industry leadership and innovation.

Teddy Zhang, Founder of HUBS1, commented on the acquisition, stating, "This partnership with Jinjiang International opens up exciting possibilities for innovation and growth. It signifies a new era for HUBS1, where our advanced technology will seamlessly integrate with Jinjiang's extensive hospitality network to redefine the guest experience."

Yu Minliang, Chairman of Jinjiang International, expressed his enthusiasm for the acquisition, saying, "HUBS1's cutting-edge technology and Teddy Zhang's visionary leadership align perfectly with Jinjiang International's commitment to excellence. Together, we will set new standards in the hospitality industry and deliver unparalleled services to our guests."

About Thayer International Group (TIG)

Thayer International Group (TIG), co-founded by industry veterans Lee Pillsbury, Frederic Malek, and Teddy Zhang is a globally recognized hospitality investment firm known for its visionary approach to shaping the future of the industry. The acquisition of HUBS1 by Jinjiang International underlines TIG's commitment to fostering innovation and excellence within the hospitality and travel technology sector.

This landmark acquisition represents a powerful alliance between Jinjiang International, HUBS1, and TIG, bringing together the strengths of each entity to create a transformative force in the industry.

As these entities unite under the visionary leadership of TIG, they embark on a journey set to redefine the future of travel and hotel management. This acquisition serves as a testament to the industry leadership and innovation demonstrated by all three entities, setting the stage for an exciting new era in the world of hospitality and travel technology.

For media inquiries, please contact:

Monica Wang, Vice President

Monica.wang@HUBS1.net

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Note to Editors: Additional background information about Jinjiang International, HUBS1, and Thayer International Group (TIG) is available upon request