Regal Hotels International Limited (Regal Hotels Group) and the Sichuan Master Investment Group Company Limited (Master Group) entered into a 10-year hotel management agreement in which Regal is entrusted to manage a five star luxury hotel in Chengdu, capital of Sichuan Province, China.
The hotel is named after the hotel owner and operator as Regal Master Hotel. Scheduled to open in September this year, Regal Master Hotel takes up a strategic and convenient location along South Renmin Road, between the 2nd and 3rd rings of Chengdu city center and being well connected by public transportation network with major commercial, entertainment and shopping area. Regal Master Hotel is 10 minutes’ drive from the Shuangliu International Airport and 15 minutes’ from the city center. The 32-storey hotel is part of a huge residential-commercial-hotel development complex owned by the Sichuan Master Group.
With an investment of around RMB800 million, Regal Master Hotel is now undergoing pre-opening preparatory working stage. The sealing of this management deal is described by the owner as “timely” to put Regal’s expertise into this important hotel project in Chengdu.
“We are pleased to be able to identify Regal as our partner in this hotel project and we are confident that facility and service quality of Regal Master Hotel as well as future business performance would be lifted to a paramount standard with professional management services from the Regal team.” said Mr. Xiang Zhixin, Chairman of the Master Group.
The 45,600 sq.m. hotel wing will feature 350 well appointed and spacious guestrooms (with an average 53 sq. m. area) and suites, a diversified range of restaurants and bar and a comprehensive facilities catering to businessmen’s discerning need including a full service Business Center, nine banquet and meeting rooms befitting function of all kind and a 600 sq. m. Grand Ballroom with a capacity of up to 500 persons for sit down dinner reception. For the leisure travellers, the hotel will also provide a complete range of recreational facilities including swimming pool, gymnasium and game rooms.
Ms. Belinda Yeung, Chief Operating Officer of Regal Hotels Group said, “It has been our target to expand Regal hotel network in the 1st and 2nd tier cities of China. And we are excited to come into partnership with Master Group in managing this 5-star hotel in Chengdu, a very important city in the South Western China. The hotel would be a great complement to our current hotel network in China”.
Sichuan Master Group is a leading conglomerate in Chengdu with property development as its core business while also engaging in hotel, food & beverage operation and trading activities. The recent “Master” project which is invested and developed by the group comprises two residential buildings, one office tower and Regal Master Hotel.
