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| China Hotel | |||||||||||
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| Simplified Chinese | 中国大酒店 | ||||||||||
| Traditional Chinese | 中國大酒店 | ||||||||||
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China Hotel (Chinese:中国大酒店) is a 5-star hotel inGuangzhou,Guangdong,China.
China's first 5-star hotel and the first involving foreign capital, the China Hotel was built in 1984[1] by theHong Kong-listed conglomerateHopewell Holdings Ltd (controlled by SirGordon Wu) under a novel contractual agreement that came to be known asBuild-Operate-Transfer, a means of building and operatingjoint ventures with local authorities in China. This arrangement allowed a foreign partner to build a facility at its own expense, operated it for an agreed length of time to generate a return on its investment, then hand it over to a local partner at no cost.New World Development, via its subsidiaryNew World Hotels (Holdings), also owned a minority stake.
China Hotel became the first hotel managed byMarriott inMainland China in 1998, under a 20-year contract and was renamedChina Hotel, A Marriott Hotel. It left Marriott at the end of the contract on October 31, 2018.[2] The hotel is currently owned by Guangzhou Lingnan International Enterprise Group Co. Ltd. In 2008, the hotel was fully renovated and offers 850 guest rooms.
23°8′32.54″N113°15′19.20″E / 23.1423722°N 113.2553333°E /23.1423722; 113.2553333
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