Paul, Weiss, Rifkind, Wharton & Garrison has represented U.S. buyout fund Carlyle Group LP in its acquisition of a 49 percent stake of Mandarin Hotel Holdings, a mid-tier hotel chain in China.

The Carlyle Group made the investment through its Asia fund Carlyle Asia Partners III L.P. for an undisclosed sum. Mandarin Hotel Holdings (not related to the Mandarin Oriental chain) owns and operates 25 designer hotels in the Chinese cities of Beijing, Dalian, Hangzhou, Nanjing, Ningbo and Tianjin under the brands Crystal Orange Hotel and Orange Hotel.

The managing director of the Carlyle Group, Eric Zhang, will become the co-chairman of the hotel chain after the completion of the deal.

The Paul, Weiss team was led by China corporate team partner Jeanette Chan, with Washington, D.C. partner Mark Mendelsohn and New York partner David Sicular advising on U.S. law.

Liu Zhen is North Asia senior journalist at ALB. Follow us on Twitter: @ALB_Magazine.

Other related stories:

• New PE counsel bolsters Paul Weiss HK