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China Hotel
Wikipedia
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China Hotel, located in Guangzhou, China, was built by the Hong Kong listed conglomerate Hopewell Holdings Ltd controlled by Sir Gordon Wu in 1979.
It was built under a contractual agreement that came to be known as Build-Operate-Transfer, a means of building and operating joint ventures with local authorities in China.
This arrangement allowed a foreign partner to build a facility at its own expense, operated it for an agreed length of time to generate a return on its investment, then hand it over to a local partner at no cost.
The 4-star, 1,200 room hotel that pioneered this arrangement was at the time the largest and most modern hotel in mainland China. Located in the commercial district, China Hotel is a popular choice to business travelers.
This article is licensed under the
GNU Free Documentation License. It uses material from the
Wikipedia article "China Hotel".
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Last Modified: 2005-04-13 |
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