TEDA Travel Group announced its wholly owned subsidiary, TEDA Hotels Management Co. Ltd. has signed a cooperation agreement with the Privileged Drunken Westlake Restaurant Group in Hangzhou.

Currently, the company has installed T.G.I. Friday's, Harbour Restaurant Group and Golden Bowl Cantonese Cuisine in a number of hotels it manages. An addition of a well-known brand can further strengthen customer choice. Full service hotels in China normally provide 3-5 restaurants within their property. Although restaurant revenues do not constitute turnover or income under generally accepted accounting principles for the company, the company is able to share the gross operating profit (GOP) of the hotels it manages as part of the management fee income.

Marco Polo called Hangzhou the most enchanting city in the entire world, while Westlake is one of the most famous sites in the city. Hangzhou cuisine is currently one of the most popular and fashionable styles of cooking throughout China. A wealth of Hangzhou inspired restaurants have shot up throughout the country and the cuisine from this city has been elevated to a superior status. Some of the most famous dishes include Beggar's chicken (an entire chicken cooked in a ball of mud), West Lake fish (vinegar coated fish from the lake) and braised pork and stewed shelled shrimp cooked in Longjing tea.

Mr. Tim Gao, CEO of Hotel Operations, commented, We are glad that Drunken Westlake Group has selected TEDA as its partner. It is important for our guests to have wider choices of superior cuisine in our 4-5 star full service hotels in China.