[photopress:hotels_harbourplaza_Kungming.jpg,full,alignright]Singapore-based Park Hotel Group has purchased Harbour Plaza Kunming as part of its expansion plans into mainland China. The hotel is now known as Kunming Grand Park Hotel.
Kunming Grand Park Hotel manager Liao Mingsheng said Park Hotel Group will invest RMB5 million in upgrading guest accommodations, the hotel lobby, information management systems, restaurants and employee training.
Meanwhile Thailand-based TCC Group signed a deal with the Yunnan Branch of Industrial and Commercial Bank of China (ICBC) to buy the Bank Hotel for RMB210.1 million ($26.2 million).
The Bank Hotel, located at 399 Qingnian Lu, is officially a five-star hotel, but it doesn’t quite compare to most of the five-stars in Shanghai and Beijing.
TCC Group, which owns the Imperial Hotels Group and the Hôtel Plaza Athénée New York, says it plans to convert the hotel into a ‘super five-star’ hotel — bringing Shanghai and Beijing standards to Kunming.
TCC Group enters Kunming’s promising hospitality market where there is very little competition for high-end leisure and business travelers. The new hotel will force the competition to raise its game.
Source: Go Kunming