China Overseas Hilton Grand Select Hotel
2020-08-24
The “China Overseas Hilton Grand Select Hotel” project is invested and developed by China Overseas Hongyang Lushan Xihai (Jiujiang) Investment Co., Ltd. The total land area of the project is 236.4 mu, with a total investment of approximately 600 million yuan. The project was completed in October 2019 and officially opened for business on December 25. It comprises a total of 90 buildings, including guest rooms and supporting facilities, with a total construction area of 26,000 square meters. Among these, 80 buildings are dedicated to guest rooms, totaling 110 rooms with a construction area of 12,000 square meters. To enhance the quality of leisure tourism at Lushan Xihai and boost the global recognition of the scenic area, China Overseas Group formally signed a cooperation agreement with Hilton Hotels & Resorts in July 2019, introducing the high-end resort brand “Hilton Grand Select.” Currently, there are only two such hotels in China; the China Overseas Lushan Xihai Hilton Grand Select Hotel is the third of its kind nationwide and the first in Jiangxi Province. The hotel is projected to generate 26 million yuan in revenue during its first year, with tax contributions of approximately 2 million yuan. Over the first five years, revenues are expected to grow at an annual rate of 20%, and total tax revenue over the five-year period could reach about 12 million yuan. The hotel’s operation will require around 130 management personnel and is expected to create approximately 100 local employment opportunities.
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