[photopress:hotels_Sino_Express.jpg,full,alignright]Sino Express Travel has agreed with Eversun to acquire a 200,000 square-meter of premium land for a resort and villa development in Hunan province. Total cost if all the regulatory approvals are given will be about US$15 million.
Sino’s management believes the location of the Hunan property, near Lake Dongting and within walking distance from a commercial district, is ideal for a first class resort and villa complex.
Development plans for the 200,000 square-meter land are divided into three phases: 1) villa development in phase one, 2) sports complex and recreation facilities in phase two, and 3) resort and hotel tower development in phase three.
Sino Express already has a comparable property in Southern Silver which is a beach resort located in Silver Beach, Yangjiang city, Hailing Island of Guangdong province. That resort is 50,900 square meters so the planned new resort will be about four times bigger. The illustration is of the interior of one of the rooms on Silver Beach.
Source: News Observer