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.
ReferencesEdit
^Enright, Michael J (2016). Developing China: The Remarkable Impact of Foreign Direct Investment. Taylor & Francis. p. 163. ISBN9781315393339.
^"China's largest marriott hotel over guangzhou China hotel on November 1, from the marriott, News, Guilin Bravo Hotel - Official Website, Online booking discount".
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china, hotel, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, september, 20. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources China Hotel news newspapers books scholar JSTOR September 2017 Learn how and when to remove this template message China Hotel Chinese 中国大酒店 is a 5 star Hotel in Guangzhou Guangdong China China HotelChina HotelSimplified Chinese中国大酒店Traditional Chinese中國大酒店TranscriptionsStandard MandarinHanyu PinyinZhōngguo Da JiǔdianYue CantoneseJyutpingzung1 gwok3 daai6 zau2 dim3History EditChina 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 amp 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 Edit nbsp Wikimedia Commons has media related to China Hotel 23 8 32 54 N 113 15 19 20 E 23 1423722 N 113 2553333 E 23 1423722 113 2553333 nbsp This article about a hotel or resort in Asia is a stub You can help Wikipedia by expanding it vte nbsp This article about a building or structure in China is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title China Hotel amp oldid 1100650209, wikipedia, wiki, book, books, library,
