Industry Update
Press Release24 August 2016

Carlson Rezidor Hotel Group Fuels Growth In China With Radisson Hangzhou Qianjiang

Signing of the first Radisson hotel in Hangzhou

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SINGAPORE -- Carlson Rezidor Hotel Group, one of the world's largest and most dynamic hotel groups, today signed a management agreement for Radisson Hangzhou Qianjiang. Owned by Zhejiang Wanxiang Real Estate Co., Ltd., this new-build hotel will form part of the mixed-use development with office and retail space. Radisson Hangzhou Qianjiang is scheduled to open in the third quarter of 2019.

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Hangzhou is the capital of Zhejiang province in east China, located approximately 180 kilometers from Shanghai. Known for its lucrative manufacturing and technology industries, Hangzhou has rapidly developed and is known to be one of China's wealthiest cities. The city is also renowned for its historical relics and natural beauty.

"China's dynamic landscape has proven to be an essential growth market for Carlson Rezidor with its wealth of development opportunities. We are delighted to be working with Zhejiang Wanxiang Real Estate Co., Ltd as we expand our footprint into a tier one destination that attracts discerning business and leisure travelers. We remain committed to the market as we strengthen our presence in the region," said Thorsten Kirschke, president, Carlson Rezidor Hotel Group, Asia Pacific.

Radisson Hangzhou Qianjiang is a 185-room hotel, strategically located within the mixed-use Bodi Centre in Qianjiang Century City. Through sustainable building techniques, the development is LEED Gold certified and comprises of 70,000 square-meters of office space and 5,000 square meters of retail space. The Bodi Centre development forms part of the Qianjiang Century City, a masterplan expansion of Qianjiang New City to be the upcoming focal point of central Hangzhou, catering to the thriving landscape of financial services, information technology, sports development and trading industries.

The hotel is located 20 km from Hangzhou Xiaoshan International Airport. Radisson Hangzhou Qianjiang will feature several dining options with three restaurants and a bar. Recreational facilities include a swimming pool, fully equipped fitness center and a spa. The hotel's meeting and events facilities include over 1,500 square-meters of versatile function space.

In China, Carlson Rezidor Hotel Group has 13 hotels in six cities currently in operation and continues to strive on opportunities to grow its portfolio of brands in tier two and three destinations across the country.

"Carlson Rezidor Hotel Group is well-recognized with a legacy in China. With the experience and expertise of the team, we are confident that this partnership will flourish as they deliver on the management of the hotel under the Radisson brand, globally reputed for its hospitality excellence," said Mr. Mi Da, chairman, Zhejiang Wanxiang Real Estate Co., Ltd.

Radisson is one of the world's leading global hotel brands. It delivers vibrant, contemporary and engaging hospitality that is characterized by its unique Yes I Can! service philosophy. Radisson hotels offer an upscale stay experience, backed by its 100% Guest Satisfaction Guarantee and a range of World of Radisson services and amenities, which have been created specifically to be empathetic to the challenges of modern travel.

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Phone: +65 6511 9297
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