Four domestic technology firms in Wuhan will jointly invest CNY8 million into a budget hotel project in the city.

The four companies are Jin Huaxing PC, Jota Tech, Xiangsheng Computer and Wansheng Tech. Named Montel, the hotel is located next the Pacific Digital Plaza in Wuhan. Occupying 5600 sqm, the decoration inside is fashionable and simple with every room equipped with a computer.

Wang Xiaode, general manager of Jin Huaxing PC, says that the hotel is positioned as budget hotel, and their operation pattern is similar to Home Inn and Motel 168.

Having been engaged in the technology industry for many years, these four companies say they already have enough client resources and experience in running chain businesses to have a successful hotel venture.