IHG signs 800 room China deal

IHG has announced the signing
of a management contract to operate three hotels and over 800 rooms in
Changzhou, a key Eastern China city near Shanghai. Consisting of one Crowne Plaza hotel and two Holiday Inn Express hotels
within an integrated city centre commercial complex, the three hotels
will be developed by Top Spring Group, a leading Hong Kong retail
investment and real estate developer.

Top Spring Group has also signed a strategic partnership with IHG,
giving the international hotel group preferential branding and
management rights to all of Top Spring’s upcoming hotel developments
across China.

 

The three hotels will be part of the Landmark International Commercial
Center, located in the centre of Changzhou. The integrated complex will
have over 580,000 square metres of retail outlets, offices, exhibition
space, entertainment facilities, residences and hotels. The hotels to be
managed by IHG are:

 

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*      Holiday Inn Express City Center Changzhou:

208 rooms, scheduled to open by end of 2008

*      Crowne Plaza Changzhou:

288 rooms, scheduled to open in 2011. 

*      Holiday Inn Express Landmark Changzhou:

308 rooms, scheduled to open in 2011. 

 

“Top Spring Group has significant knowledge and expertise in China’s
real estate market and we are pleased to partner with them as they grow
their hotel portfolio across China,” said Mr Tony South, acting Chief
Executive, IHG Asia Pacific. “This strategic multi-brand, multi-property
partnership once again demonstrates that IHG is the partner of choice
for hotel developers and owners in China.”

 

Mr Wong Chun Hong, Chairman and Management Director of Top Spring Group,
said, “We recognize the growing needs of the hotel industry in Changzhou
and other parts of China, and we are delighted to be partnering with
IHG, the world’s largest hotel group by number of rooms, to launch the
new hotels in Landmark International Commercial Centre. We are confident
that IHG’s world-recognised hotel brands and established operating
systems will help our hotels provide the highest quality of products and
services to our guests.”

 

Changzhou is a key tourism destination, attracting more than 20 million
tourists with tourism revenues of RMB 400 million in 2006. It is also a
significant manufacturing base, home to industrial parks that house
various international and domestic companies.


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