Retail in Asia

In Sectors

Swiss International Hotels & Resorts expands in Greater China

Swiss International Hotels has announced that it has signed an agreement with HuaYuan Group of Xiamen, China to develop Swiss International Hotels in Greater China. The transaction, assisted by Rockwood Associates LLC, Portland, US, is part of both companies’ shared strategy to capture the growth opportunities within China.

HuaYuan Group owns the 588-room Wyndham Hotel in Xiamen along with three other luxury hotels currently under development in China. Under the Swiss International Hotel brand, the company will now directly own and manage hotels.

(Source: HA+D)