[photopress:property_Marine_Silk_Road_Museum.jpg,full,alignright]Sino Express Travel will go into business with Profit Gateway to acquire properties in Yangjiang, near where the Marine Silk Road Museum of Guangdong, which sounds totally wonderful, is located.
The first acquisition will cost US$400,000 and involves a 6-storey building and is expected to be completed within 60 days. The building is about 5 minutes from a public beach and 10 minutes from the museum.
Sino intends to convert the building to a 40-room budget hotel complex. Sino will continue to negotiate with Profit Gateway International or further acquisitions in the area.
Sino previously acquired Southern Silver Resort and Beach, a resort hotel near the Marine Silk Road Museum.
The museum itself, on completion, will consist of an exhibition hall on shore and an underground exhibition hall (costing around US$22 million) which will showcase relics of the so-called maritime Silk Road including sunken ships of the Sung Dynasty (960-1279).
Recently, an 800-year-old merchant boat, dubbed the Nanhai No. 1, was hoisted from the bottom of the sea and moved to the museum. Read all about it at China.org.cn from which the illustration comes. All of which add to the attractions of the area and should keep the hotel pretty full.
Source: Fox Business