Interstate Hotels & Resorts Announces 10th Management Agreement in China
ARLINGTON, Va.—Interstate Hotels & Resorts today announced that Interstate China has signed an agreement to manage the 396-room Jiaxing Jin Jiang Xiang Jiadang Lake Hotel, its 10th managed or signed hotel in China. The Jiaxing hotel is anticipated to open in 2013 and is the third Jin Jiang branded hotel managed by Interstate China. READER COMMENTS
Interstate China Hotels & Resorts Company Limited (Interstate China) is a joint venture between Interstate Hotels & Resorts and Shanghai Jin Jiang International Hotels Company Limited (Jin Jiang Hotels).
“Since launching Interstate China in 2010 with our joint venture partner, Jin Jiang Hotels, we have built a solid pipeline of management agreements,” said Jim Abrahamson, Interstate’s chief executive officer, in an announcement. “This latest addition to our growing portfolio demonstrates the benefit that a world-class, proven hotel management company led by experienced operators can offer to hotel owners and developers around the world.”
The 396-room Jiaxing Jin Jiang Xiang Jiadang Lake Hotel is located in northeast part of Jiaxing in Zhejiang Province, about one hour’s drive from Shanghai, and is being built along Xiang Jiadang Lake. The hotel will have meeting and conference facilities with nearly 26,000 square feet of flexible meeting and banquet space. The hotel also will include individual two-story villas to receive visiting dignitaries. Other hotel facilities include a western restaurant, Chinese restaurant, spa, fitness center, swimming pool, and cigar bar.
Interstate China also operates five-star hotels in Beijing, Wuhan and Shanghai. The company also has been selected to manage the luxury J Hotel at Shanghai Tower, anticipated to be China’s tallest hotel when it opens in 2015, as well the Citic Pacific Zhujiajiao Floating Hotel in Qingpu near Shanghai scheduled to open in 2013.