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Huatian Hotel Plans Property Acquisition
April 16, 2007 |
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| Category: Industry News
Hunan Huatian Hotel says it will acquire Hunan International Finance Building, a property that belongs to the Hunan Provincial Branch of the Bank of China and Hong Kong Yong Heng Company, for RMB230 million.
After the acquisition, Huatian Hotel will invest RMB200 million to decorate and renovate part of the building and it will run part of the building and Yiyang Huatian Hotel as a branded hotel.
Huatian Hotel is a deluxe five-star hotel strategically located in downtown Changshaa. The hotel is invested by Hunan Huatian Hotel Company.
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