KWG and Starwood to build Westin Hotel in Suzhou (source:NewsTrak Daily)
KWG Property Holding Ltd and hotel group Starwood have teamed up to develop a comprehensive hotel project for the first time in Suzhou.
They plan to introduce the fourth hotel brand Westin Hotel of Starwood in Suzhou. The Suzhou Westin Hotel, locating in central Suzhou Xiang Cheng district, will have total construction floor area of near 1 million square meters. It will be a comprehensive project with residential units, a hotel, grade-A offices, commercial centers and serviced apartments.
In the near term, KWG plans to launch the Lang Yue Wan property in Suzhou. Moreover, the company also plans to sell another residential property in Suzhou in mid 2008.
Company's chairman Kong Jian-min says, besides Guangzhou, the company plans to enter markets in Hainan Sanya, Suzhou, Kunshan, Chengdu, and Beijing in 2008.