It was privately held by the founder of Suning.com, Zhang Jindong, for 65% stake.
[4] In 2010 Hyatt signed an agreement with Suning Real Estate, for management of three hotels: Park Hyatt Nanjing (in Suning Plaza, Nanjing, originally Grand Hyatt Nanjing), Hyatt Regency Wuxi (in Suning Plaza, Wuxi) and Hyatt Regency Xuzhou (in Suning Plaza, Xuzhou).
[6] It was announced that Grand Hyatt Nanjing would be opened in Suning Ruicheng (Chinese: 苏宁睿城).
[7] Suning Real Estate also signed an agreement with French hotel group Sofitel for several hotels, such as Sofitel Nanjing Galaxy Suning, Sofitel Nanjing Zhongshan Golf Suning and Sofitel Lianyungang Suning.
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