[photopress:sheratonwuxi.jpg,full,alignright]Jones Lang LaSalle Hotels has arranged the sale of Sheraton Wuxi Hotel and Towers and adjoining Wuxi Garden City Mall retail complex to Park Hotel Strategic Investments.
The Sheraton Wuxi Hotel and Towers is in the heart of downtown Wuxi within a group of commercial and retail developments. It has 417 guestrooms including 33 suites and 67 serviced apartments.
The hotel also has five food and beverage outlets, function/meeting facilities, a health club with fully equipped gymnasium and an indoor swimming pool. Plus there is a total of 10,398 sqm in lettable retail space within the Wuxi Garden City Mall complex.
Located between Shanghai and Nanjing in the heart of the rapidly developing Yangtze River Delta, Wuxi is one of China’s fastest developing cities and a major manufacturing hub for the region. In 2005 alone, the city recorded a 15% year-on-year growth in gross domestic product to $35 billion and a 20% year-on-year increase in actual foreign invested capital to US$2.5 billion.
Source: Asia Travel Tips