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Movenpick Hotels arrives in China
Tuesday, 22 Oct, 2010
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Mövenpick Hotels & Resorts has signed the Mövenpick Hotel Shanghai in China with King Land Real Estate Ltd, marking the first of a series of developments in the country.
The newly built 300-room hotel close to Shanghai International Circuit and Kunshan City will open in 2013.
Jean Gabriel Pérès, president and CEO of Hotels & Resorts, said China represents a critical part of the company’s growth strategy in emerging markets.
Mövenpick aims to grow the portfolio in China by five to 10 hotels over the next five years through a combination of strategic alliances as well as further management contracts.
Ian Jarrett
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