Project name

Zhongheng International Hotel

Cooperation form

Equity JV or contractual JV

Project description

Production scheme
Construction plan
Market analysis
Operation scale
Sales forecast

   Project scale: a hotel with total building area of 64500 square meters.
    For this project, a hotel of five star or above will be built, occupying a land area of 25800 square meters and having total building area of 64500 square meters, with total investment of RMB 200 million. At present, there is yet no sizable hotel facility in the neighborhood of the Ningbo Passenger Terminal. In the next 5 years, the region will focus on development of commerce and logistics, a plus for the project. Foreign investment is sought for joint development of the project.
    Annual sales income is forecasted at RMB 30 million and annual profit at RMB 6 million. 

Equipment import & material supply

Investment estimate & cost efficiency

Total investment

USD24.1 million

Registered capital

USD9.7 million

Annual sales

RMB30 million

Anticipated means of investment from foreign partner

Annual profit

RMB6 million

Foreign exchange

Technology

Equipment

Brand name

Others

Internal return rate

a

a

Payback period

7.7 yrs

Basic facts of Chinese partner (ownership, total and fixed assets, current products and sales, current equipment and technology, support facility, etc.)

    Wujia Village Economic Credit Cooperative of Duantang Sub-district is responsible for investment promotion and related service for the project.

Project location & geographic advantage

   The project is conveniently and advantageously located at the Ningbo entrance/exit of Shanghai-Hangzhou-Ningbo Expressway, east of Ningbo Passenger Terminal, south of Ningbo World Auto City (the largest auto trade center in East China), within 5 minutes' drive from Ningbo Lishe Airport.

Project status quo

   Land permit already obtained

Project data available

Project proposal, position paper on site selection, layout design control document.

Organization to contact

Wujia Village Economic Credit Cooperative of Duantang Sub-district

Person to contact

Chen Ming

Address

Wujia Village, Sunde Road, Haishu, Ningbo

Postcode

315012

Telephone

0086-574-87499030 ， 13396690007

Fax

0086-574-87499707

E-mail

Website