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Shangri-La Will Head For Zhengzhou
July 26, 2007 |
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Zhengzhou Erqi District Government has signed a memorandum of understanding with Kerry Properties Limited.
Under the MOU, Kerry Properties will invest a total of US$400 million in Zhengzhou, including bringing the famous Shangri-La Hotel to the city. Located in Minzhu Road area of Zhengzhou, the project will occupy about 15 acres.
Apart from the five-star chain hotel Shangri-la Hotel, the area will also consist of high-grade office buildings and commercial facilities and will make Minzhu Road area a multi-functional area that combines high class accommodation, food, leisure entertainment and offices.
Local media reports that the two sides will sign a formal contract on the project within a month.
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