It is reported that the Antaeus Group has bought more than 600 mu of land in Lijiang to develop a resort hotel.
The land is in Shuhe Town, Lijiang, at the foot of Jade Dragon Snow Mountain and near to the Banyan Tree hotel.
Development of the land will be finished in two years, said an official from Antaeus Group. The hotel will be named under the Mangrove Tree Resort brand, and is designed to have 1,800 guest rooms with cultural and leisure facilities such as a theater, concert hall, cinema, and art gallery, as well as conference and exhibition facilities.
Up to now, Antaeus Group has completed the layout of six Mangrove Tree Resorts in Yalong Bay, Sanya Bay, Haitang Bay, Qingdao Lingshan Bay, Yunnan Lijiang, and Guangzhou Conghua.
Construction will start on the Qingdao resort by the end of May 2010.