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Prince Hotels and Resorts is set to enter mainland China after signing a ski resort management deal with developer China Vanke Co., Shenzhen, China.
Prince Hotels and Resorts is set to enter mainland China after signing a ski resort management deal with developer China Vanke Co., Shenzhen, China. Under the deal Prince Hotels and Resorts, Tokyo, will manage the ski course and hotel component of the estimated 40 billion yuan (US$6.5 billion) Songhua Lake International Tourism Resort development, located near Jilin City, China and encompassing 20 sq km (7.7 sq miles). Construction began in May, and the hotel and ski slopes are projected to open in December 2014. |
