Hotel Online Special Report

China Ocean Shipping Company Ltd. Appoints Accor to Manage a 310 Room Hotel Under Construction in Pudong, Shanghai, China
29 March 1999: Accor, the world's largest hotel operator, has been appointed manager of a new 310-room hotel in Pudong. 

The Novotel Pudong, which is part of a 50-storey hotel, retail and office development located in the Lujiazui district across the Huangpu River, is due to open in the first quarter of 2000. 

Complementing Accor's Sofitel Hotel in Shanghai, Novotel Pudong will include 310 rooms and suites, two bars, five restaurants including a revolving dining room, full health club and indoor swimming pool, executive floor, ballroom for 400 and eight meeting rooms. The overall complex will also include parking for 470 cars. 

The developer of the hotel, Shanghai International Ocean Shipping Building Co., Ltd. is the wholly owned subsidiary company under COSCO (China Ocean Shipping Company Limited). COSCO is one of the largest conglomerates in China and is listed on the Hong Kong and Shanghai stock exchange. With a number of key developments in China, COSCO has been looking for a long-term partnership with an international hotel chain for some time. 

"Pudong, as a business centre for many foreign and domestic banks and financial institutions is a prime location for the 'business class' Novotel brand", commented Accor Managing Director for Asia, Mr. Anthony Young. 

"Novotel Pudong will be the area's first purpose-built 4-star hotel with 5-star standards. It will service Shanghai's rapidly growing financial sector and will cater for the increased numbers of

Artist Rendering 
Novotel Pudong, Shanghai
corporate and conference visitors expected as a result of the opening of the Pudong airport later in the year", concluded Mr. Young. 

Commenting on the expansion into China, Accor Asia Pacific Chairman, Mr. David Baffsky said: "Accor is targeting key commercial centres for its ambitious expansion drive into China and the new Novotel will be the flagship for the brand. With the recent announcement of new projects such as the 400 room Sofitel Zhengzhou, the Sofitel Jinan Silver Plaza and now Novotel Pudong, as well as the recent opening of a representative office in Beijing, our plans to significantly expand our network of hotels in China over the next five years are well on track". 

Accor is the world's largest hotel and tourism group. The company operates 2,800 hotels across the globe as well as being a leader in car rental, travel agency, catering and other tourism services. In China, Accor's current portfolio comprises: Sofitel Hyland Shanghai, Sofitel Zhengzhou, Novotel Hefei, Novotel Hangzhou Hai Hua and Novotel International Hotel Zhengzhou. There are currently 330 Novotel hotels worldwide.

Peter Hook 
(61-2) 9367 0860 
Fax: (61-2) 9367 0897 
Also See: Accor Planning New Hotels in Shanghai, Jinan, Wuhan and Beijing / Feb 1999 
Four Seasons Hotels To Be Minority Equity Partner in 440 Room Shanghai China Hotel Project / April 1999

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