This article needs additional citations for
verification. (September 2017) |
China Hotel | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Simplified Chinese | 中国大酒店 | ||||||||||
Traditional Chinese | 中國大酒店 | ||||||||||
|
China Hotel ( Chinese: 中国大酒店) is a 5-star hotel in Guangzhou, Guangdong, China.
China's first 5-star hotel and the first involving foreign capital, the China Hotel was built in 1984 [1] by the Hong Kong-listed conglomerate Hopewell Holdings Ltd (controlled by Sir Gordon Wu) under a novel contractual agreement that came to be known as Build-Operate-Transfer, a means of building and operating joint ventures with local authorities in China. This arrangement allowed a foreign partner to build a facility at its own expense, operated it for an agreed length of time to generate a return on its investment, then hand it over to a local partner at no cost. New World Development, via its subsidiary New World Hotels (Holdings), also owned a minority stake.
China Hotel became the first hotel managed by Marriott in Mainland China in 1998, under a 20-year contract and was renamed China Hotel, A Marriott Hotel. It left Marriott at the end of the contract on October 31, 2018. [2] The hotel is currently owned by Guangzhou Lingnan International Enterprise Group Co. Ltd. In 2008, the hotel was fully renovated and offers 850 guest rooms.
23°8′32.54″N 113°15′19.20″E / 23.1423722°N 113.2553333°E