Fairmont Hotels & Resorts Bolsters Its Hotel Portfolio in Eastern China
390-room Fairmont Suzhou Set To Open in 2018
Fairmont Hotels & Resorts, a luxury brand in the FRHI Hotels & Resorts (FRHI) portfolio, and Golden Land Real Estate today announced the development of a new hotel in Suzhou, Jiangsu Province, Eastern China. Fairmont Suzhou, scheduled to open in 2018, will join the company's growing portfolio of luxury hotels and residences in China.
"Fairmont Suzhou marks another key milestone for the Fairmont brand as we continue a steady and strategic pace of expansion into key Chinese markets," said Jennifer Fox, president, FRHI international and president, Fairmont brand. "Not only is Suzhou one of the country's most popular travel destinations on a domestic level, it shows continued strong growth internationally and is increasingly attracting foreign investment. We look forward to providing a luxury base for those travelling to this vibrant city."
The hotel will be part of a mixed-use development that will also include office space and a retail podium, located close to the District Government, as well as office towers and other commercial and entertainment facilities. The complex will be located in Shishan, the business and financial core of Suzhou National New Hi-Tech Industrial Development Zone - Suzhou New District (SND), near the city's center. SND is a specially designated industrial zone with a focus on science and technology research and the development of high-tech industries. A growing number of Fortune 500 companies call the SND home, including Logitech, Canon and Motorola and it is a major hub for software, IT and electronic equipment manufacturing.
Suzhou is located in the center of the Yangtze River Delta, and is approximately 110 km (70 miles) east of Shanghai. The city's history dates back over 2,500 years, making it one of the oldest cities in the Yangtze Basin, where it has long been an important commercial and cultural center. It is currently the largest industrial city in China, but due to its mild climate and scenic setting, it also attracts a large number of visitors year-round. Famed for its elegant stone bridges, canals, flowing water and noteworthy architecture, Suzhou is often referred to as the "Venice of the East". The city also boasts the beautifully manicured Classical Gardens of Suzhou. Made up of eight of the finest gardens, out of more than 200 in the city, they span a period of almost 1,000 years and have been designated a UNESCO World Heritage Site. Other attractions include numerous pagodas, temples, historical districts and Tiger Hill, a popular tourist site which is said to resemble a crouching tiger, and is known for its natural beauty.
Suzhou is linked by six key expressways to major cities like Shanghai and Hangzhou and has high-speed railway connections to Nanjing and Beijing. The city is also expanding its metro system, which will include a proposed station under the Fairmont hotel. Suzhou is approximately 100 km (60 miles) from Shanghai Hongqiao Airport and 120 km (75 miles) from Shanghai Pudong International Airport.
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, including projects in Chengdu (2015), Changsha (2017), Hangzhou (2018), Taiyuan (2019) and Nanning (2019).
About Golden Land Real Estate
Golden Land Real Estate was founded in Nanjing in 1994. The Group focuses on real estate development and funds management. Currently the group has 20 subsidiaries and a real estate development area of over three million square meters.
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management company that operates more than 130 hotels and branded residential offerings globally under the Raffles, Fairmont 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 Fairmont Dubai, Raffles Singapore, Swissôtel The Bosphorus, 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, Egypt, Turkey, Saudi Arabia and the United States. The company also manages Raffles, Fairmont and Swissôtel branded luxury private residence clubs, whole-ownership residences and serviced residences properties. For more information visit frhi.com.
FRHI Hotels & Resorts (FRHI) is a leading luxury hotel