The development is part of the group’s first integrated hotel and residential project in China
GSH Corporation has officially opened its first upper-upscale hotel in Chongqing, China.
The development is part of the group’s first integrated hotel and residential project in the country, said the mainboard-listed property developer in a bourse filing on Friday (Jun 28).
Called New World Chongqing Hotel, the 200-room development is managed by New World Tongpai Hotels Group and is located in Bishan district, about 23 kilometres from the heart of Chongqing.
Chongqing’s second international airport is slated to open in Bishan in 2030.
Kenneth Goi, chief operating officer at GSH, said: “This marks our foray into China after spending some time building our hospitality footprint with three hotels in Kota Kinabalu, Malaysia. Looking ahead, we continue to be focused on unique, strategic locations in Asian gateway cities.”
GSH shares ended 3.2 per cent or S$0.005 lower at S$0.154 on Friday, before the announcement.
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