China Hotel
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| China Hotel | |||||||||||
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| Simplified Chinese | 中国大酒店 | ||||||||||
| Traditional Chinese | 中國大酒店 | ||||||||||
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China Hotel (Chinese: 中国大酒店) is a 5-star hotel in Guangzhou, Guangdong, China.
History
[edit]China's first 5-star hotel and the first involving foreign capital, the China Hotel was built in 1984[1] by the Hong Kong-listed conglomerate Hopewell Holdings Ltd (controlled by Sir Gordon Wu) under a novel contractual agreement that came to be known as Build-Operate-Transfer, a means of building and operating joint ventures with local authorities in China. This arrangement allowed a foreign partner to build a facility at its own expense, operated it for an agreed length of time to generate a return on its investment, then hand it over to a local partner at no cost. New World Development, via its subsidiary New World Hotels (Holdings), also owned a minority stake.
China Hotel became the first hotel managed by Marriott in Mainland China in 1998, under a 20-year contract and was renamed China Hotel, A Marriott Hotel. It left Marriott at the end of the contract on October 31, 2018.[2] The hotel is currently owned by Guangzhou Lingnan International Enterprise Group Co. Ltd. In 2008, the hotel was fully renovated and offers 850 guest rooms.
References
[edit]- ^ Enright, Michael J (2016). Developing China: The Remarkable Impact of Foreign Direct Investment. Taylor & Francis. p. 163. ISBN 9781315393339.
- ^ "China's largest marriott hotel over guangzhou China hotel on November 1, from the marriott, News, Guilin Bravo Hotel - Official Website, Online booking discount".
External links
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23°8′32.54″N 113°15′19.20″E / 23.1423722°N 113.2553333°E
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