The foundation laying ceremony for Foshan's Royal Mansion was held this past weekend, along with the signing ceremony between Royal Mansion and InterContinental Hotel Group to build a five-star hotel.
The new five-star hotel will occupy 100mu in space and provide 328 rooms in a European-style castle.
Royal Mansion is a real estate project that involves a total investment of RMB1 billion. It is expected to be completed within three years.
The whole project occupies a total space of 900mu and boasts a total construction area of about 200,000 square meters.
Zhang Weilun, general manager of Guangzhou Weisei Property Company, which is responsible for developing and managing the project, says he is confident in developing it into a luxury residential community that surpasses all villas in Foshan and Guangdong Province.