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As exclusive advisor to First Shanghai Direct Investments, a subsidiary company of First Shanghai Investments Limited and a private investor,
Jones Lang LaSalle Hotels arranged the sale of the Traders Hotel Kunshan to Kingdom Hotel Investments, for approximately
US$ 58 million.
Strategically located in the heart of the Yangtze River Delta in the Greater Shanghai Area, the contemporary hotel offers 387 rooms including 26
suites, three food and beverage outlets, function/meeting facilities, an
health club with fully equipped gymnasium and an indoor swimming pool.
“The sale of Traders Hotel Kunshan is the second deal that Jones Lang LaSalle Hotels has accomplished in the Yangtze River Delta during the
past six months, the first being the Sheraton Wuxi Hotel and Towers,” said
Mr Craig Collins, Executive Vice
President, Jones Lang LaSalle Hotels.
Clinton Wu, Vice President Jones Lang LaSalle Hotels,
added that, “due to the lack of suitable, international grade assets available for sale in gateway cities such as Beijing
and Shanghai, interest in rapidly growing second-tier cities have intensified. As Investors are becoming more knowledgeable and comfortable
investing in China, they are starting to realize that suitable investment offerings can be found outside of traditional tier one
cities.”
Conveniently located between Shanghai and Suzhou in the heart of the rapidly developing Yangtze River Delta, Kunshan is one of China’s
leading semiconductor and micro electronics manufacturing hubs for the region. Approximately 30 of the Global Fortune 500 companies have
established major manufacturing facilities in Kunshan, and the city is also home to a host of national and regional headquarters for internationally
recognized firms.
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other recent news regarding:
Jones
Lang LaSalle, Hotels,
Kingdom
Hotel Investments, Shanghai
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