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Tianjin Binhai Mass Transit Development Co. Ventures
with InterContinental Hotels on the 250 room
Holiday Inn Binhai Tianjin
.
November 8, 2004 - InterContinental Hotels Group establishes the award-winning Holiday Inn brand in Tianjin in the Tianjin Economic and Development Area (TEDA), Tianjinís business and economic hub. 

A mere 5-kilometer drive from the Tianjin port and easily accessible from the Tianjin city center, Holiday Inn Binhai Tianjin is an ideal hotel choice for travelers who visit Tianjin for business and leisure, as well as long-staying guests from the burgeoning number of foreign companies and domestic enterprises within the economic zone.

A winning alliance with Tianjin Binhai Mass Transit Development Co., Ltd. 
InterContinental Hotels Group collaborates with real estate giant Tianjin Binhai Mass Transit Development Co., Ltd. on this new venture.  Tianjin Binhai Mass Transit Development Co., Ltd. is one of the leading light rail construction and real estate development companies in the region.

ďHoliday Inn Binhai Tianjin, being part of InterContinental Hotels Groupís global network, will be able to tap into the Groupís infrastructure and resources in sales and marketing, brand management, loyalty marketing, and reservations, to be the preferred international hotel in the Tianjin Economic and Development Area," says Edmond Ip, InterContinental Hotels Groupís Chief Operating Officer, North Asia. 

Mr. Zhang Jin Li, General Manager, Tianjin Binhai Mass Transit Development Co., Ltd., says of the new venture, ďThis is a long term alliance between our company and InterContinental Hotels Group.  We are confident that the Groupís global resources and hotel management expertise, and our strength in real estate will benefit the hotel, providing quality accommodation with the world-renowned Holiday Inn service.Ē 

Holiday Inn Binhai Tianjin is slated to open by third quarter of 2005.

Holiday Inn Binhai Tianjin is part of a major business and leisure complex, boasting an expansive shopping mall that features fast food restaurants, entertainment outlets, and a cinema. 

The hotel will feature three food and beverage outlets, each with its own distinct offerings - a restaurant featuring a wide array of local and specialty cuisine, a cozy coffee shop serving a selection of popular Western and Asian dishes, and a lobby lounge that will feature live entertainment.

Holiday Inn Binhai Tianjin is a new built hotel with 250 well-appointed guestrooms and suites, and health and recreational facilities that include an indoor swimming pool, two tennis courts, a fully-equipped gym, a billiard hall, a beauty salon and a 500-square meter Spa. 

Tianjin is one of the four municipalities under the direct leadership of the Chinese Central Government, along with Beijing, Shanghai and Chongqing.  TEDA is situated southeast of Tianjin city and is considered the seat of Tianjin economy, registering a GDP of RMB38.009 billion in 2002 or 18.8% of Tianjinís total GDP. 

Since its establishment in 1984, TEDA has absorbed more than US$10 billion in direct foreign investment from over 3,500 multinational companies that include Motorola, Samsung, Toyota, Yamaha, Coca-Cola, Honda, Panasonic, Hyundai, Nestleí, etc.  In addition, there are more than 10,000 domestic enterprises registered in the economic development zone.  In 2002 alone, TEDAís export value reached US$5.706 billion. 

Holiday Inn Binhai Tianjin will adopt the international brand standards of Holiday Inn to meet the growing demand for premier hotel accommodation and facilities for business and leisure travelers in TEDA. 

InterContinental Hotels Group is the world's largest and most global hotel company, with 3,500 hotels offering 538,000 rooms in nearly 100 countries and territories worldwide. 

###

Contact:
Lui Dacera
InterContinental Hotels Group - North Asia
MariaLuisa.Dacera@ichotelsgroup.com
www.ichotelsgroup.com
Also See: InterContinental Hotels Group Signs 25 Management Contracts in the Asia Pacific Region Within the First Nine Months of 2004 / October 2004
InterContinental Hotels Group Shapes New Organisation for Asia Pacific / April 2003
InterContinental Hotels Groupís Regional General Managers Champion New Corporate Structure / June 2003


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