Fairmont Hotels & Resorts

Fairmont Hotels & Resorts

January 20, 2015 07:37 ET

Fairmont Hotels & Resorts Continues Its Expansion in China With Fairmont Wuhan

350-room luxury hotel set to open in 2017

SINGAPORE, SINGAPORE--(Marketwired - Jan. 20, 2015) -

Editors Note: There is a photo associated with this press release.

Fairmont Hotels & Resorts, a luxury brand in the FRHI Hotels & Resorts (FRHI) portfolio, Oceanwide Hotel Investment Management Co., Ltd. and Wuhan Central Business Area Construction Investment Joint Stock Company, today announced the development of a new hotel in Wuhan, the capital of Hubei Province, Central China. Joining the brand's growing collection of properties in China, Fairmont Wuhan is slated to open in 2017.

Fairmont Wuhan will feature 350 guestrooms, four distinctive dining outlets and approximately 2,500 square meters (26,910 square feet) of event and banquet space. The world-class hotel will also offer business and leisure travelers access to a Willow Stream Spa - the company's award-winning signature spa brand - and fitness options including a swimming pool.

"We're pleased to be introducing the Fairmont brand to another important domestic market in China" said Jennifer Fox, president, FRHI International and Fairmont Brand. "Wuhan's position as a base for industry, as well as being the financial, educational and transportation hub of Central China, makes it an ideal location to develop a luxury hotel. We look forward to being a key part of the city's continued growth."

The hotel, which will be part of a mixed-use development featuring two office towers, will be located in the Wuhan CBD, the future business and financial center of Central China. Located in downtown Wuhan, the Wuhan CBD development covers a land area of 7.41km2, and houses a significant amount of office towers, residential buildings and commercial facilities. Transportation to the area will be accommodated by the nearby Hankou Railway Station, major metro lines and the Wuhan Tianhe International Airport, the busiest in Central China, as well as the extensive high speed railway system which offers convenient access to Beijing and Shanghai.

Wuhan sits at the meeting point of the Yangtze and Hangshui Rivers, and is the most important hub in Central China. The city's history dates back over 3,500 years, making it one of the most ancient metropolitan centers in the country. It has long been renowned as a center for the arts and for intellectual studies and it remains an important area for education, as well as science and technology. Attractions for visitors include the Hubei Provincial Museum, one of the country's leading museums, the Yellow Crane Tower, considered one of the Four Great Towers of China as well as the East Lake, the largest lake within a city in China, which is surrounded by themed gardens and ancient monuments. The city also acts as a starting base for luxury riverboat cruises, which pass the Three Gorges dam en route to Chongqing.

Fairmont currently operates a number of properties in China, including Fairmont Beijing, Fairmont Peace Hotel in Shanghai, Kunshan's Fairmont Yangcheng Lake, and Fairmont Nanjing. The country continues to be a key growth market for the brand with a number of new developments scheduled to open in the coming years.

About Fairmont Hotels & Resorts

Fairmont Hotels & Resorts connects guests to the very best of its destinations worldwide, reflecting each locale's energy, culture and history. Passionate travelers choose the luxury hotel brand for its ability to deliver memorable travel experiences, personalized and thoughtful service, and hotels that are one-of-a-kind. Serving as genuine gateways to their destinations, Fairmont hotels offer locally-inspired cuisine and spirited bars and lounges, distinctive design and décor, and a steadfast responsibility to environmental and social priorities. With more than 65 hotels globally, and many more in development, landmark hotels in the Fairmont collection include The Plaza in New York, London's The Savoy, Fairmont Peace Hotel in Shanghai and Quebec City's Fairmont Le Château Frontenac. Fairmont is owned by FRHI Hotels & Resorts, a leading global hotel company with over 110 hotels under the Fairmont, Raffles, and Swissôtel brands. The company also manages Fairmont, Raffles and Swissôtel branded luxury private residence clubs, whole-ownership residences and serviced residences properties. For more information or reservations, please visit fairmont.com.

About Oceanwide Hotel Investment Management Co., Ltd., Wuhan Central Business Area Construction Investment Joint Stock Company, and China Oceanwide Holdings Group

Oceanwide Hotel Investment Management Co., Ltd. is an affiliate of China Oceanwide Holdings Group ('China Oceanwide). It is established to manage the development and operation of China Oceanwide's hotels.

Wuhan Central Business Area Construction Investment Joint Stock Company is in charge of Wuhan CBD's investment, development, construction and operation.

As the major shareholder of two companies mentioned above, China Oceanwide Group, founded in 1985, is a leading real estate development company listed on the Shenzhen Stock Exchange (Code 000046). Headquartered in Beijing, the Group focuses on high-end mixed-use development and asset management in various cities across China, such as Shanghai, Beijing, Shenzhen, Hangzhou and Wuhan.

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