As a wholly-owned subsidiary of Shimao Group, a leading real estate developer in China, Shimao Hotels & Resorts
was founded in 2009 and is assigned to operate, manage and develop all of the affiliated hotels and resorts. Shimao
Hotels & Resorts has expanded its footprint across the hospitality sector by working in partnership with world-known
hotel management companies, among them, Starwood Hotels & Resorts Worldwide (Marriott), Hyatt Hotels &
Resorts, InterContinental Hotels Group and Hilton Hotels and Resorts. In additional to partnerships with international
hospitality groups, Shimao Hotels & Resorts is committed to developing its own hotels as part of its strategic
development, including Yu Resort, Yuluxe Hotel, Yu Hotel, Yu Residence, MiniMax Premier and MiniMax. Shimao
Hotels & Resorts operates 20 international and homegrown luxury hotels in China with approximately 6,500 rooms
available worldwide.