[photopress:hotels_regalia.jpg,full,alignright]Grand Central Holdings has announced it plans to build or manage 10 to 15 high-end resort hotels on the Chinese mainland over the coming three years.
Mainly they are intended for the fast-growing MICE — Meetings, Incentives, Conventions and Events — market.
The company, said total investment might reach one to two billion yuan ($133 million to $266 million).
Annie Du, a business development official with the company said, ‘We have seen a growing demand for this niche market and we wish to bring our resort properties to more scenic places which might include the northern and southern parts of China as well as the Yangtze River delta region.’
She was speaking at the opening ceremony of its first resort and spa property on the Chinese mainland in Suzhou, Jiangsu Province, seen in our illustration.
The 45-suites Regalia Resort & Spa, on the waterside of the famous Jin Ji Lake, is a joint project with Sipud, a major commercial real estate developer in Suzhou. The Thai Privilege Spa, a healthcare company which runs spas in Bangkok, Phuket, New York, Dubai, Shanghai, among others, will manage the spa operations at Regalia, company officials said.
By 2009, the company plans to open its second resort property near Suzhou’s Yangcheng Lake.
Source: Shanghai Daily