China's Teda Travel Group CEO, Mr. Godfrey Hui, today issued a letter to shareholders that outlined the company's mission statement and business model. The letter focused on growth through acquisitions as a key message to shareholders.

In the letter to shareholders, Hui said, Within the next 24 months, Teda Travel Group intends to add up to 50 properties to its management portfolio.  This will be done through the acquisition of hotel management companies that currently have properties that meet our stringent standards.

Teda Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages.

In addition to its property management division, Teda Travel also has its own portfolio of real estate investments.  Leveraged on its existing core businesses and the brand name "TEDA", one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.