|Regal Hotels International, which is one of the largest hotel groups in Hong Kong, has now acquired a prime development site in Chengdu, Sichuan Province.
As the provincial capital of Sichuan Province, Chengdu has been an important tourist and commercial hub in the south western China. The site is prominently located along two major roadways in the Xindu District of Chengdu.
This site will be developed as a five star hotel together with related commercial areas with a total gross floor area of about 185,000 sq. m. and residential accommodation with a total gross floor area of 315,500 sq. m.
It is expected that construction work will commence in early 2008 and should be completed in stages from late 2009.
Regal Hotels currently has a number of other acquisition proposals in China in the pipeline that are in various stages of negotiation. (The illustration is of the lobby of the Regal Hotel in Kowloon.)
Source: eTravel Blackboard