Lan Kwai Fong set for Mission Hills, Haikou
Allan Zeman's Lan Kwai Fong Holdings - developer of Hong Kong's iconic stretch of bars and restaurants - will expand to Haikou, Hainan Island. The company has formed a partnership with Mission Hills Group, owner of the world's largest golf club in Shenzhen, to develop a new retail-entertainment complex at a total investment cost of two billion yuan (HK$2.43 billion).
With a total area of 240,000 square metres, the new project will include a Lan Kwai Fong entertainment zone of more than 50,000 square metres, a lake, 35,000 square metres of outdoor and indoor retail space, a 25,000 square metre retail complex in a 1920-30s Shanghai art deco setting, and a 10,000 square metre traditional southern Chinese town selling local crafts and traditional gifts.
The new retail-entertainment complex, named Mission Hills-Lan Kwai Fong - Haikou, due to open in 2013, is part of a six billion yuan golf resort development.
The Mission Hills Haikou International Golf Resort, comprising 10 18-hole golf courses, a mineral-rich natural springs reserve and a 538-room luxury hotel, opened for business last year.
It is the group's second Lan Kwai Fong in the mainland after Chengdu. 'We will bring some operators from Hong Kong, the mainland and overseas, as we did successfully in Chengdu,' Zeman said.
He hopes the Hainan complex can boost tourist arrivals in Haikou by 20 per cent in 2014, its first full year of operation.
Last year, Haikou attracted seven million visitors.
Ken Chu, chairman and chief executive of Mission Hills, said that the group would provide financing for the project while Lan Kwai Fong would manage the complex.
He declined to disclose the shareholdings, but said: ' We are a perfect match, as I'm a day club operator [for golf] while he [Zeman] is a nightclub operator.
'With lifestyle and fashion elements injected into this new project by Lan Kwai Fong, visitors can now immerse themselves in a myriad of shopping, entertainment, dining and cultural activities while enjoying a golfing experience in one venue. It will definitely double the fun and is truly a 'whole-in-one'!'
He said the group preferred Haikou to Sanya since Haikou is the provincial capital and the climate is similar to Hong Kong.
'The Chinese don't like heat,' he said. 'And the resort is about 15 minutes' drive from the airport, so it will be a very convenient holiday destination for families too.'