Swissotel Hotels & Resorts

Swissotel Hotels & Resorts

October 16, 2013 07:37 ET

Swissotel Flag to Fly in Hangzhou

TORONTO, ONTARIO--(Marketwired - Oct. 16, 2013) - Swissôtel Hotels & Resorts, a leading brand in the FRHI Hotels & Resorts (FRHI) portfolio, today announced that it has entered into an agreement with Hengli Management Co., Ltd to manage Swissôtel Hangzhou, a new 400-room hotel being developed in China's Zhejiang provincial capital.

The hotel will enjoy a favorable Riverview location in the IOC project in Qianjiang Century CBD, adjacent to the Hangzhou Olympic Center and Exhibition Center. Qianjiang Century City is becoming the financial and business center of Hangzhou. The IOC project includes large scale meeting and convention facilities, hotels, high-end residences, Grade A offices, and commercial and retail premises. It is the core of the area. A 300-room Fairmont hotel will also open in the same complex.

Expected to open in 2018, Swissôtel Hangzhou will join four Swissôtel properties already successfully operating in China and is now the hotel brand's sixth property under development in the country, further expanding the Swissôtel footprint in this key growth market. In total, FRHI has 20 hotels open or in varying stages of development in China.

"As one of China's top urban centers and a key coastal hub, Hangzhou is an ideal market for our Swissôtel product," said Jennifer Fox, president, FRHI International. "The local economy continues to grow at a rapid pace and the destination is also a top draw for leisure travel given its reputation as one of China's most beautiful cities."

Upon opening, Swissôtel Hangzhou will feature 400 well-appointed guestrooms, four contemporary dining outlets, a Pürovel Spa & Sport facility offering Alpine-inspired treatments and exercise programming, and approximately 21,500 square feet (2,000 square meters) of meeting and function space. The development will also house 400 serviced apartments, which will be operated under the brand's residential concept, Swissôtel Living.

"We are delighted to be working on another hotel project with Zhong An Real Estate Co. Ltd and Hengli Management Co., Ltd and see them as strategic partners as we look to grow our leading hotel brands throughout China and the Asia Pacific region," added James Kaplan, senior vice president, development, Asia Pacific & India, FRHI. "They share our vision of developing world-class hotels that are market leaders and we look forward to strengthening our relationship with them in the future."

About Swissôtel Hotels & Resorts

Swissôtel Hotels & Resorts is an award-winning and distinctive group of deluxe hotels for discerning business and leisure travelers, combining renowned Swiss hospitality with contemporary design, personalized service, charm, and efficiency. Located in popular gateway destinations and city centers worldwide, Swissôtel properties provide convenient access to business and shopping districts as well as top local attractions. With more than 30 properties globally, Swissôtel is also developing new hotels in exciting worldwide locations including upcoming projects in Sochi, Russia (2013), Changsha, China (2014), and Chengdu, China (2014). Swissôtel is owned by FRHI Hotels & Resorts, a leading global hotel company with more than 105 hotels under the Fairmont, Raffles, and Swissôtel. For more information or reservations, please visit swissotel.com.

About FRHI Hotels & Resorts

FRHI Hotels & Resorts (FRHI) is a leading luxury hotel management company that operates more than 105 hotels globally under the Fairmont, Raffles, and Swissôtel brands. The company's distinctive portfolio of luxury and upper upscale hotels features celebrated icons, world-class resorts and stylish city center hotels. Some notable hotels include the Raffles Singapore, Swissotel The Bosphorus, The Fairmont San Francisco and London's The Savoy. Focused on growing its distinctive hotel brands, the company is also developing new hotels in key locations around the world including exciting projects in China, Russia, India, Turkey and Saudi Arabia. The company also manages Fairmont and Raffles branded estates and luxury private residence club properties. For more information, please visit frhi.com.

About Hengli Management Co., Ltd

Founded in 2006, Hengli Management Co., Ltd is a subsidiary of Zhong An Rea Estate Limited, a leading real estate development company in Yangtze River Delta. The company, and its subsidiaries, are focused on mixed-use, commercial and residential development and have more than 40 projects under development.

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