SWISSÔTEL FLAG TO FLY IN HANGZHOU

Swissotel Flag to Fly in Hangzhou
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Toronto, Oct 2013

Swissotel Hotels & Resorts, a leading brand in the FRHI Hotels & Resorts (FRHI) portfolio, today announced that it has entered into an agreement with Hengli Management Co., Ltd to manage Swissotel Hangzhou, a new 400-room hotel being developed in China’s Zhejiang provincial capital.

The hotel will enjoy a favorable Riverview location in the IOC project in Qianjiang Century CBD, adjacent to the Hangzhou Olympic Center and Exhibition Center. Qianjiang Century City is becoming the financial and business center of Hangzhou. The IOC project includes large scale meeting and convention facilities, hotels, high-end residences, Grade A offices, and commercial and retail premises. It is the core of the area. A 300-room Fairmont hotel will also open in the same complex.

Expected to open in 2018, Swissotel Hangzhou will join four Swissotel properties already successfully operating in China and is now the hotel brand’s sixth property under development in the country, further expanding the Swissotel footprint in this key growth market. In total, FRHI has 20 hotels open or in varying stages of development in China.

“As one of China’s top urban centers and a key coastal hub, Hangzhou is an ideal market for our Swissotel product,” said Jennifer Fox, president, FRHI International. “The local economy continues to grow at a rapid pace and the destination is also a top draw for leisure travel given its reputation as one of China’s most beautiful cities.”

Upon opening, Swissotel Hangzhou will feature 400 well-appointed guestrooms, four contemporary dining outlets, a Purovel Spa & Sport facility offering Alpine-inspired treatments and exercise programming, and approximately 21,500 square feet (2,000 square meters) of meeting and function space. The development will also house 400 serviced apartments, which will be operated under the brand’s residential concept, Swissotel Living.

”We are delighted to be working on another hotel project with Zhong An Real Estate Co. Ltd and Hengli Management Co., Ltd and see them as strategic partners as we look to grow our leading hotel brands throughout China and the Asia Pacific region,” added James Kaplan, senior vice president, development, Asia Pacific & India, FRHI. “They share our vision of developing world-class hotels that are market leaders and we look forward to strengthening our relationship with them in the future.”

Swissôtel Hotels & Resorts

Swissotel Hotels & Resorts (www.swissotel.com) is an award winning and distinctive group of deluxe hotels, combining renowned Swiss hosiptality with contemporay design, personalised service, charm and efficiency. Located in popular gateway destinations and city centres, the hotels provide convenient access to business and shopping districts. The group's Swiss heritage ensures organisational competence, attention to detail, safety and a superlative guest experience.

The international hotel chain is owned by FRHI Holdings Limited, a leading global hotel company with 102 hotels and resorts worldwide under the Raffles, Fairmont and Swissotel brands. The company also manages Fairmont and Raffles branded Residences, Estates and luxury private residence club properties.