| 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. |
