SGF International Hotel Management Company has signed a management contract with Yantai New Coast Hotel Management Service Company for the joint management of Yantai New Coast SGF Hotel in northwest Shandong.
This hotel program covers an area of 4,874 square meters with the gross floor area being 15,448 square meters. Located on the Haibin Road in the Yantai Economic and Technological Development Zone, it features convenient transport to the airport, railway station, coach station, and the tourist distribution center; and is only 30-minute drive from the city center. Jinshatan Park, Chateau Changyu-Castel, and Cishan tourist area are near to the hotel.
Based on the convenient location and quality tourism resources, it is expected that the hotel will appeal to both travelers and business guests. It will have 110 guestrooms and suites, a Chinese restaurant, a cafe, and a ballroom able to accommodate 400 people. Construction is due to be finished in October 2011.
George Liu, the senior vice president of SGF, said that the two companies will take the advantage of location and contacts to exploit the business, meeting, and travel markets while building a comfortable, elegant, and quality-service hotel.