Hotels
The Group's property holding business which consists of hotel ownership and operations as well as investment properties held for rental income, aims to generate a stable stream of recurrent income and to benefit from future capital gain. The Group's hotel in Chengdu, M Hotel Chengdu, is managed by a subsidiary of M&C UK, one of its controlling shareholders. The Group has previously developed and now owns the two hotels within the Millennium Waterfront project. The Group has entered into long term hotel management contracts with InterContinental Hotels Group (Shanghai) Ltd for the operations of these two hotels under the brands of Crowne Plaza and Holiday Inn Express.
In Netherlands, the Group owns the Arena Towers in South East Amsterdam and Poortgebouw Hoog Catharijne in Utrecht which are leased to third parties for hotel operations. In August 2017, the Group has, through its 33% owned FSMC NL Property Group B.V., acquired a 95% equity stake in the Bilderberg Hotel Portfolio in the Netherlands. The Bilderberg Hotel Portfolio comprises 17 hotels with 1,695 rooms and 13,661 sqm of conference space and is geographically spread across the Netherlands, including key gateway cities such as Amsterdam, Rotterdam and The Hague. Subsequent to this acquisition, the Group has become one of the largest hotel owners in the Netherlands.
M Hotel Chengdu
Location
No. 388, North Yizhou Avenue, Gaoxin District, Chengdu, Sichuan Province, PRC.
Year of construction
2010
Gross floor area1 (sqm)
19,228
Description
Comprises 196 hotel rooms and suites, an all-day dining restaurant, swimming pool, gymnasium, squash court and banquet multi-purpose hall. The hotel has its soft opening in September 2013.
Land Tenure
Leasehold to year 2049
Number of car park lots
-
Notes:
- Gross floor area ("GFA") excludes underground GFA.
Crowne Plaza Chengdu Wenjiang / Holiday Inn Express Chengdu Wenjiang Hotspring
Location
Wenjiang District, Chengdu, Sichuan Province, PRC.
Year of construction
2013
Gross Floor Area1 (sqm)
81,041
Description
Designed with a total of 608 hotel rooms, additional retail units and recreational facilities including a lobby lounge, a heated swimming pool, a scenic garden, spa services as well as hotspring pools, and an adjoining convention centre for up to 1,000 guests.
The hotels have their soft opening in December 2016 and are now fully operational.
Land Tenure
Leasehold to year 2051
Number of car park lots
772
Notes:
- Gross floor area ("GFA") excludes underground GFA.
Arena Towers
Location
Hoogoorddreef 66 and 68, Amsterdam, The Netherlands
Land Tenure
Perpetual leasehold (ground lease paid to August 2053)
Lettable floor area1 (SQM)
17,396
Description
Comprises two hotels of a total of 443 rooms and 509 car parks.
Year of construction / renovation
1988/2014
Number of car park lots
509
Notes:
- Lettable floor area excludes car park space.
Poortgebouw
Location
Catharijne Esplanade 13, 3511WK Utrecht, The Netherlands
Land Tenure
Leasehold (up to December 2069)
Lettable floor area (SQM)
11,604
Description
Comprises two hotels with a total of 320 rooms.
Year of construction
Currently undergoing hotel refurbishment, expected to complete in 2018
Number of car park lots
-
Bilderberg Hotel Portfolio
Location
Geographically well spread across the Netherlands, including key gateway cities such as Amsterdam, Rotterdam and The Hague.
Land Tenure (Owned Hotels)
14 freehold + 1 perpetual leasehold + 1 temporary leasehold
For more information, please visit https://www.bilderberg.nl/
Description
Comprises 16 owned hotels and one leased hotel with a total of 1,695 rooms, approx. 13,661 sqm of conference space, and around 49 F&B outlets (including 2 Michelin starred restaurants).