Wanda sets sights on hotel expansion overseas
Updated: 2014-01-13 15:56
By Wang Wen (chinadaily.com.cn)
|
|||||||||||
Wanda Group will open eight to 10 hotels in major overseas cities in the next three to five years, a top executive of Wanda Hotels and Resorts said on Monday.
Iija Poepper, sales and marketing vice-president of Wanda Hotels and Resorts, said the group had plans to develop overseas, although he refused to say which exact cities.
"I can confirm two of the hotels for later this year," he added.
As one of China's wealthiest businessmen, Wang Jianlin showed his ambitious plans for the group when it announced the 11th Wanda Realm branded hotel in Beijing on Monday. The hotel had been managed by Accor, the France-based hotel management group for five years.
The group invested more than 30 million yuan ($4.92 million) into the rebranding in the past four months.
After the take-over, the hotel in west Beijing will be more profitable, Poepper said, as Wanda will have 100 percent control of the hotel.
The group also plans to have 100 hotels by 2015 and 50 percent of them will be managed by Wanda Hotels and Resorts.
Related Stories
Wanda's grand cultural plans in Wuhan 2014-01-09 07:10
Wanda building 'cultural and tourist town' in Harbin 2013-12-20 07:39
Wanda steers yacht maker to its home shores 2013-11-11 08:09
Wanda makes its mark 2013-11-02 07:22
Wanda to build cultural tourism town on the bank of Chaohu Lake 2013-10-22 15:47
Today's Top News
Iran nuclear deal to take effect on Jan 20
Obama welcomes agreement on Iran nuclear deal
Unexpected sharp fall in tourism hits Beijing
Japan tries to justify Abe's shrine visit
Ground control to Major Tang
Int'l air carriers seeks China share
Apology letter showed goodwill toward China
Sharon's death triggers mixed reactions
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
US police all a-twitter about Weibo |
Movie mogul Run Run Shaw, 107, dies in HK |
Growing food in space could assist in human colonization |
Holiday blues |
Keeping their motors running |
In memory of unnamed war heroes |