[photopress:Hotels_grand_pacific.jpg,full,alignright]Australian-based Great Pacific Financial Group plans to invest more than $500 million in China over the next five years, mainly in hotels.
Great Pacific is controlled by ethnic Chinese financier Alfred Wong and plans to open 30 Grand Pacific hotels in China. Its first hotel in China was opened in Shanghai in 2004.
The 29-story Grand Pacific Hotel Shanghai is in the Jing An District, offering nothing but suites. It is near Plaza 66, the 66-story office and shopping complex; the Shanghai Exhibition Center and the Bund.
This is a MICE hotel with conference rooms and event catering and the, now, mandatory fitness equipment, spa and sauna.
Great Pacific has so far invested more than RMB400 million in China, where its businesses range from hotels to power generation and semiconductors.
Source: The Age and research.