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1. Background of Project: The Five-Star hotel is to be constructed in Fancheng, a densely populated area, is the central district of Xiangfan City with strong economic power and consumption power. It enjoys complete capital facility. There're one four-star hotel and four three-star hotels with average accommodation rate of 60.37%. It has shortage of five-star hotel, so the reception does not correspond to the economic development and popularity. With the rapid economic development, it'll bring a large quantity of commercial and tourism visitors. The demand of commercial and recreation hotels in high-grade will increase day by day. Moreover, that foreign funding enters hotel industry is permitted since China goes into WTO, that provides consumer market and construction condition for development of five-star hotel. It's planned to build a comprehensive Chinese-foreign cooperative hotel with 800-1000rooms.The hotel enjoys the integration of accommodation, catering & beverage, commercial, exhibition, shopping, entertainment, gymnasium and so on. The design should be a harmonious blend of economic culture and modern national architectural style. The cooperative side should be the famous group company with large capital and management experience of hotel.
2. Total Investment: USD 31.25 million .
3. Cooperation Form: joint-venture or cooperative venture or single-investor enterprise
4. Investment Ratio: to be negotiated
5. Prospect of Market: It will be located on the road along Hanjiang River belonging to the business area with enormous development potentialities. So it will attract a legion of commercial visitors and tourist to stay as well as famous enterprise establish the headquarters. The hotel will become a high-standard five-star big hotel with complete and advanced facility and first-class service. It would not only fill in a gap in the field of hotel industry but also enhance city's popularity and figure, and be beneficial to the local service industry development. The outlook for the market is promising. The investment returns will be steady.
6. Chinese Unit: Fancheng Investment Promotion Bureau
7. Contact:
Contact Person: Wu Hanbin
Tel(Fax): 0710-3446152
ADD:No,7 North Daqing Road
PC: 441000
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