Langham Hotels International, the five-star hotel flagship of property developer Great Eagle Holdings, plans to have 50 mainland hotels under its stewardship in 10 years as it gears up for China expansion, chairman Lo Ka-shui said yesterday. The company aims to invest in 10 hotels on the mainland while seeking to manage 40 others in the coming decade as it capitalises on China's rising affluence, Mr Lo told reporters in Shanghai yesterday. 'Our investment focus is on the mainland,' he said. 'In future, China will grow at a fast pace and we are committed to injecting more capital for mainland expansion.' Langham is edging closer to sealing five deals on the mainland in the near future, all of which are in prime locations of major cities, Mr Lo said. Langham expects to invest 10 billion yuan (HK$11.35 billion) on the mainland in the coming years as part of efforts to expand across India, Thailand and the Middle East. Mr Lo said the company could scale up the investment size to as much as 20 billion yuan. To reach its target of 10 hotels on the mainland, it will look for opportunities to acquire existing developments or set up new ones, he added. Currently, Langham manages only one hotel in Shanghai, while three more - two in Beijing and one in Guangzhou - are in the pipeline. The recent revival of the mainland's real estate market has made the negotiations difficult since the parties involved have been unable to reach a deal without drawing up new terms. Langham yesterday signed a deal with Bangkok Mass Transit System Public to manage two new five-star properties in Thailand's capital. Mr Lo said his company was interested in listing A shares on the mainland to finance future growth, but that would not happen in the near future. 'We are not big in terms of company size, and the government now welcomes only those biggest Hong Kong companies,' he said. 'In the long term, we might want to do so.'