China's Best Value Inn North Bund hotel has officially opened, making it the first step for Vantage Group in the campaign to start their expansion program in China.

The group already has signed three high-end Lexington Collection hotels and five CBVI brand level hotels.  There will be more than 15 Lexington Hotels and 20 CBVI level hotels in 2008.

The newly-opened CBVI North Bund hotel is located near the Bund, near the crossroads of Nanjing road and North Sichuan Road, and next to the famous food street: Zha Pu Road and Kun Shan Road. The hotel has 64 rooms including deluxe rooms, superior rooms all with central A/C system, LCD TVs, and free high-speed Internet. The hotel has a restaurant offering breakfast, lunch and dinner, a 24-hour business center and 24-hour room service.

"Today, we are happy you could be here to celebrate with us the opening of our first CBVI hotel in China, this our the first step in China.  We are very concerned about the market in China. With the fast development of the economy, China will be the biggest potential market in the world.  We believe our brand will have a very bright future," said Mr. Martin Soran, CEO of CBVI and Lexington Co, Ltd., at the ceremony for the opening of the North Bund CBVI hotel.

Vantage Hospitality Group says it is looking for development opportunities in mainland China, Hong Kong, Taiwan and Macau. CBVI has already signed hotels to open the end of 2007 or early 2008 located in the cities of Shenyang, Shanghai, Wuhan, Ningbo, and Beijing. By the end of 2008 they plan to have 40 hotels under the brand, and 200 by the end of 2010.

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