China Hotel () is a 5-star Hotel in

Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kon ...

Guangdong Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020) ...

, China.

History

China's first 5-star hotel and the first involving foreign capital, the China Hotel was built in 1984 by the

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...

-listed conglomerate

Hopewell Holdings Ltd Hopewell Holdings Limited (), established on 17 October 1972, is a major property developer in Hong Kong headed by Sir Gordon Wu. History It was listed on the Hong Kong stock exchanges in 1972 and delisted when taken private in 2019. Hopewell H ...

(controlled by Sir

Gordon Wu Sir Gordon Wu Ying-sheung,Gordon WU Ying-Sheung biography
- website o ...

) under a novel contractual agreement that came to be known as Build-Operate-Transfer, a means of building and operating

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...

s 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 New World Development Company Limited (NWD), is a Hong Kong-based company focused on property, hotels, infrastructure and services and department stores. It was established on 29 May 1970 by Cheng Yu-tung. The company is publicly listed on the ...

, via its subsidiary

New World Hotels (Holdings) New World Hotels (Holdings) Limited, formerly known as Kai Tak Land Investment Limited, is a former Hong Kong-listed company and currently a wholly owned subsidiary of New World Development. History The company was incorporated as Victoria Park ...

, also owned a minority stake. China Hotel became the first hotel managed by

Marriott Marriott may refer to: People *Marriott (surname) Corporations * Marriott Corporation, founded as Hot Shoppes, Inc. in 1927; split into Marriott International and Host Marriott Corporation in 1993 * Marriott International, international hote ...

Mainland China "Mainland China" is a geopolitical term defined as the territory governed by the People's Republic of China (including islands like Hainan or Chongming), excluding dependent territories of the PRC, and other territories within Greater China. ...

in 1998, under a 20-year contract and was renamed China Hotel, A Marriott Hotel. It left Marriott at the end of the contract on October 31, 2018. 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.

References

External links

Hotels in Guangzhou Hopewell Holdings New World Development Henderson Land Development Sun Hung Kai Properties CK Hutchison Holdings Yuexiu District Hotels established in 1984 Hotel buildings completed in 1984 {{PRChina-struct-stub