Park Hotel Group acquires Grand Castle Hotel in Xian, China
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Park Hotel Group acquires Grand Castle Hotel in Xian, China
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Category: Asia Pacific - China - Industry economy
- Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2008-11-03
Park Hotel Group (百樂酒店集團) has further expanded its fast-growing stable of properties in Asia with the acquisition of Grand Castle Hotel, the majestic 5-star hotel located in Xian, the ancient capital city of Shaanxi province in China. With the acquisition, the 338-room property will be rebranded as Grand Park Xian (城堡酒店西安君樂).
Renowned for its opulent palatial architecture, the recently renovated hotel mirrors the historic architecture of the adjacent Ancient City Wall. It is in close proximity to the city’s many historic attractions and within walking distance of the Ancient City Wall and the Big Wild Goose Pagoda, both built during the Tang Dynasty. It is just a 35-kilometre drive away from Lintong District where one will find the famed Terracotta Warriors and Horses Museum, as well as the Mausoleum of China’s First Emperor, Qin Shi Huang.
The 10-storey hotel is strategically located in the heart of the city’s business, shopping and entertainment districts, attracting both business and leisure travellers alike. Grand Park Xian boasts the tallest atrium lobby in the city. Facilities in the newly renovated property
include Yue Chinese Restaurant, The Veranda Café Restaurant, Lobby Lounge, ballroom and six meeting rooms as well as a business centre.
The acquisition of Grand Park Xian is in line with Singapore-headquartered Park Hotel Group’s aggressive expansion plans to be a leading regional hospitality brand. It is the Group’s third hotel in China after Grand Park Kunming in Yunnan and Grand Park Wuxi in
Jiangsu.
Park Hotel Group director Mr Allen Law said: “Our latest acquisition in China is testimony to our drive to expand our network of strategically-located hotels and enhance our branding. We have plans to acquire more hotels in China’s key cities in the next three to five years.”
Besides its China properties, Park Hotel Group also owns and manages Park Hotel Hong Kong and three properties in Singapore including the new-built Park Hotel Clarke Quay due to open in March 2009.
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