TEDA Wins Two China Deals
TEDA Travel Group announced today that it has acquired the
management rights to two premier hotels in China in the first half of May. The first one is a 5-star hotel in the city center of Taiyuan, Shanxi.
This is one of the most deluxe hotels in the city with over 240 rooms. The
management contract lasts for five and a half years. The second one is a 4-star hotel in the city center of Yulin, Chengdu.
This is one of the largest hotels in the city with an area of over 40,000
Both of these hotels are signed by our majority-owned subsidiary, Landmark
International Hotel Group Limited.
Mr. Philip Cheung, CEO of Landmark International Hotel Group Limited,
said, “Hotel owners put a lot of faith in our brand of TEDA and the backup
of a listed corporation. Our team is certain to make positive contribution
to the bottom line of the Hotel Management Division of TEDA Travel Group.”