State-owned enterprises cannot invest in hotels.

Not prohibited by law; See if there are any restrictions on the amount of investment and the state-owned assets management department. It needs to be approved by the competent authorities or regulatory agencies. It is recommended to consult the local industrial and commercial bureau.

The Company Law does not restrict state-owned enterprises from investing in hotels, but Article 3 of the Partnership Enterprise Law stipulates that wholly state-owned companies, state-owned enterprises, listed companies, public welfare institutions and social organizations may not become general partners. In other words, if the hotel adopts the company system, then state-owned enterprises can invest. If the general partnership system is adopted, it cannot be invested and operated as a general partner. The difference between state-owned hotels and private hotels lies in the investor. The investor of state-owned hotels is state-owned, and the shareholders are state-owned enterprises, or at least the controlling shareholders are state-owned enterprises. The investment shareholders of private hotels are private enterprises or individual natural persons. Hotel owners of state-owned enterprises represent state management companies and are appointed by relevant state departments or their superior state-owned enterprises, while owners of private enterprises are determined by the major shareholders who contribute.