InterContinental to open first luxury hotel in Zhuhai
InterContinental Hotels Group, the world's largest hotel chain by number of rooms, is likely to open its first InterContinental luxury hotel in Zhuhai in Guangdong province.
Betting on the benefits likely to flow from closer economic ties in the Pearl River Delta region and further economic growth following the construction of the Hong Kong-Zhuhai-Macau Bridge, the Singapore-listed Yanlord Land Group is building a four billion yuan (HK$4.55 billion) integrated residential-hotel and commercial development, Zhuhai Yanlord Marina Centre, in the city.
'We are in talks with InterContinental to run the hotel,' said Zhong Shengjian, the chairman of Yanlord Land Group.
Mr Zhong was speaking after the ground-breaking ceremony for the development on Friday.
InterContinental was not available for comment.
When completed in 2014/2015, the five-block development, comprising 300,000 square metres of gross floor area, will provide high-end residential apartment units, a retail mall, grade A office space and a five-star hotel.