Tan Yifan

cicitan2011@gmail.com

HONG KONG-REGISTERED real estate company, Great China International Group (GCIG), inked a management agreement with Marriott International yesterday morning to co-develop a new hotel near Luohu Checkpoint, with the aim of competing for more cross-border and international customers.

Huang Shih-tsai, chairman of the board of GCIG, and Stephen Ho, CEO of greater China, Marriott International, signed the hotel management agreement, which is the fourth cooperation of its kind between them.

“We expect that the hotel and the square can promote the economic development of Luohu, deepen economic and social exchanges between Shenzhen and Hong Kong, and provide a favorable investment and work environment for Hong Kong-based enterprises and institutions looking to settle in Luohu,” said Huang.

“Shenzhen’s landscape has reshaped within just a few years. It is a very attractive place for investors and visitors. Thus, I think its hotel market is far from being saturated,” said Ho.

Occupying a few floors in the Great China Global Economic and Trade Square, which will soon be completed, the hotel has received over 3 billion yuan (US$452 million) in investment and will be the core of the square.