Fairmont Expands Reach Into China With Luxury Hotel Project in Hangzhou

TORONTO, ONTARIO–(Marketwired – Sept. 26, 2013) - FRHI Hotels Resorts (FRHI), the parent company of luxury hotel brand Fairmont Hotels Resorts, and Hengli Management Co., Ltd, the subsidiary of Zhong An Real Estate Limited (672.hk) today announced Fairmont Hangzhou, a new luxury hotel development in the capital city of Zhejiang province in the heart of Yangtze River Delta region, Eastern China.

Expected to open in 2017, Fairmont Hangzhou will feature 300 rooms, five diverse dining outlets, a health club and swimming pool, a Willow Steam Spa, and more than 32,000 square feet (3,000 square meters) of meeting and banquet space. The project will also include 180 Fairmont Serviced Residences, providing access to private concierge services and other exclusive amenities.

Like many of its iconic sister hotels around the world, which lay claim to some of the best addresses in town, Fairmont Hangzhou will be located atop the city’s tallest building, enjoying an enviable spot in the heart of Qianjiang Century CBD, an upcoming business center that will house large scale meeting and convention venues, Grade A office towers, high-end residences and commercial and retail spaces.

“We continue to expand our footprint in China and are excited to be adding a hotel in a major domestic market like Hangzhou,” said Jennifer Fox, president, FRHI International and Fairmont Brand. “It’s a city that is renowned for its culture, history and beauty, as well as a destination that attracts both domestic and international travelers. Furthermore, with rail and airport expansion projects underway, and visitor numbers expected to rise, it’s an opportune time to be entering the market.”

Mr. Shi Zhongan, Chairman of the Board, Zhong An Real Estate Limited said “Hangzhou International Office Center is a landmark project located in the core area of Hangzhou Qianjiang Century CBD. This project possesses great development potential and has gained great attention from the market. It combines a high-end hotel, commercial facilities, office space, and serviced apartments into one development, which incorporates the world’s leading design and green architecture practices. Fairmont being one of the top hotel management companies in the world has strong brand visibility and a solid high-end customer base. With our partnership, we come together to share resources and to create a successful win-win collaboration. The entrance of the Fairmont hotel will further enhance the brand influence of Hangzhou International Office Center and accelerate the overall financial and business service development of Hangzhou Qianjiang Century CBD.”

Often referred to as one of China’s most beautiful cities, Hangzhou is home to the celebrated West Lake, a UNESCO World Heritage Site, which features various temples, pagodas and gardens. The freshwater lake has served as influence to poets and painters over the ages and is also believed to have been an important source of inspiration for garden designers throughout China and Asia. Other well known historical and cultural sites include Solitary Hill, the Tomb of General Yue Fei, the Six Harmonies Pagoda and the Ling Yin Temple. The area is also home to the world’s largest tidal bore, which rushes up the Qiantang River.

Fairmont Hangzhou joins the luxury brand’s growing collection of hotels in China including Fairmont Peace Hotel, Shanghai; Fairmont Beijing; Fairmont Yangcheng Lake; Fairmont Nanjing (2013); Fairmont Chengdu and Residences, China (2014); and Fairmont Taiyuan (2016).

About Fairmont Hotels Resorts

Fairmont Hotels Resorts is a celebrated collection of more than 65 luxury properties around the globe, including Shanghai’s Fairmont Peace Hotel, The Plaza in New York, and Makkah Clock Royal Tower in the Kingdom of Saudi Arabia. The luxury brand’s distinctive hotels offer a sense of heritage and sophistication, warm, engaging service and culturally rich experiences. Fairmont balances the company’s economic, environmental and social priorities and provides the framework for responsible hotel operations through the Sustainability Partnership program. For more information or reservations, please call 1-800-441-1414 or visit fairmont.com.

About FRHI Hotels Resorts

FRHI Hotels Resorts (FRHI) is a leading luxury hotel management company that operates over 105 hotels globally under the Fairmont, Raffles, 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 the Raffles Singapore, Swissotel The Bosphorus, The 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, India, Turkey and Saudi Arabia. The company also manages Fairmont and Raffles branded estates and luxury private residence club properties. For more information, please visit frhi.com.

About Hengli Management Co., Ltd

Founded in 2006, Hengli Management Co., Ltd is a subsidiary of Zhong An Rea Estate Limited, a leading real estate development company in Yangtze River Delta. The company, and its subsidiaries, are focused on mixed-use, commercial and residential development and have more than 40 projects under development.

Fairmont Expands Reach Into China With Luxury Hotel Project in Hangzhou