Sep 10 2008
Second 7-Star Hotel To Be Built In China
The world’s second 7-Star hotel will be built in China, according to the management agreement signed over the weekend in Beijing, China.
Antaeus Group, a Chinese real-estate company, and the Canadian Fairmont Hotels and Resorts will team up to build the hotel in Sanya, a popular tourist destination in the south of China in the Hainan Province.
The only other 7-Star hotel in the world is located in Dubai, the Burj Al Arab Hotel.
Construction on the Chinese property will begin this year with plans to open doors in 2011. The hotel will be located in the center of Haitan Bay in Sanya, taking up a large 215,300 square meters. It will be the new neighbor to a luxury yacht club, an 18-hole seaside golf course, and Asia’s largest ocean park.
Total investments in the project are between 1.5 and 2 billion yuan (US$219.23 to 292.30 million).
