Fairmont Hotels & Resorts Expanding China Portfolio into Henan Province
350-room Fairmont Zhengzhou To Open In 2018 |
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Fairmont Hotels & Resorts Expanding China Portfolio into Henan Province
350-room Fairmont Zhengzhou To Open In 2018 |
Category: Asia Pacific - China - Industry economy
- Hotel projects
This is a press release selected by our editorial committee and published online for free on 2014-09-11
Fairmont Hotels & Resorts, a luxury brand in the FRHI Hotels & Resorts (FRHI) portfolio, has signed an agreement with Henan Donggang Real Estate Co. Ltd for the development of Fairmont Zhengzhou in the capital of Henan Province in central China.
Projected to open in 2018, the 350-room hotel will be part of a new mixed-use development in the CBD of Zhengdong New Town, an upcoming financial and business hub in Zhengzhou. Located 45km (28 miles) from the international airport, it will feature four distinct dining outlets, along with approximately 4,000 square meters (43,000 square feet) of meeting and banquet space. Recreational facilities will include a Willow Stream Spa and a swimming pool.
“Our expansion into Zhengzhou is significant in that it debuts our presence in a major hub of central China,” said Jennifer Fox, president, FRHI International and Fairmont Brand. “It marks another important milestone in our development strategy for China, and signals continued strong growth for us in this very important market.”
The CBD has already attracted over one hundred financial institutions, and when complete, will be home to over 800,000 residences. Fairmont Zhengzhou will also serve an expanding meetings and events industry in the city with the International Exhibition & Conference Centre that has 2.2 million square meters of space.
The burgeoning city of Zhengzhou – which is also the most populous in the province with more than 8 million residents – is the economic, political, cultural and educational capital of Henan with pillar industries including automotive, machine manufacturing, energy, aluminum and food processing. It is also one of the largest transportation hubs in China, at the intersection of several high-speed railways including Beijing-Guangzhou and Beijing-Hong Kong. The city also has a new metro in the pipeline, scheduled to begin operations by 2015.
Fairmont Zhengzhou will join the growing portfolio of Fairmont Hotels & Resorts in China, including Fairmont Beijing, Fairmont Peace Hotel in Shanghai, Kunshan's Fairmont Yangcheng Lake and Fairmont Nanjing.
China continues to be a key growth market for the luxury hotel brand, with a number of new developments scheduled to open in the coming years. Projects include Chengdu (2015), Changsha (2017), Hangzhou (2018), Suzhou (2018), Taiyuan (2019) and Nanning (2019).
About Fairmont Hotels and ResortsFairmont Hotels & Resorts connects guests to the very best of its destinations worldwide, reflecting each locale's energy, culture and history. Passionate travelers choose the luxury hotel brand for its ability to deliver memorable travel experiences, personalized and thoughtful service, and hotels that are one-of-a-kind. Serving as genuine gateways to their destinations, Fairmont hotels offer locally-inspired cuisine and spirited bars and lounges, distinctive design and décor, and a steadfast responsibility to environmental and social priorities. With more than 65 hotels globally, and many more in development, landmark hotels in the Fairmont collection include The Plaza in New York, London’s The Savoy, Fairmont Peace Hotel in Shanghai and Quebec City’s Fairmont Le Château Frontenac. Fairmont is owned by FRHI Hotels & Resorts, a leading global hotel company with over 110 hotels under the Raffles, Fairmont and Swissôtel brands. The company also manages Raffles, Fairmont and Swissôtel branded luxury private residence clubs, whole-ownership residences and serviced residences properties. For more information or reservations, please visit fairmont.com.
About Henan Donggang Real Estate Co. LtdHenan Donggang Real Estate Co. Ltd is a real estate and financial investment company.
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