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CYTS To Build Five-star Hotel In Lushan Mountain
May 23, 2007 |
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Lushan Administration Bureau has chosen China Youth Travel Service as their partner and allowed the travel company to invest RMB150 million to build a five-star hotel in the Lushan Baiyunguan area.
The Lushan Baiyunguan area, formerly known as Lushan Cattle Farm, used to be an inhospitable area. But the Lushan Administration Bureau began to transform the area in 2003 and its relevant construction projects, approved by both the construction department and environmental experts, are currently underway.
CYTS invested additional funds to Zhejiang Tongxiang Wuzhen Travel Development Company at the beginning of this year to strengthen its control over travel resources. The investment made on Lushan this time is yet another move the company has taken in the hotel industry.
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