Is Lv Rong Hotel a state-owned enterprise?

Lv Rong Hotel is a commercial brand of state-owned enterprise Rongtong Hotel.

State-owned Assets Supervision and Administration Commission of official website and the State Council issued the Announcement on China Rongtong Asset Management Group Co., Ltd. being included in the list of enterprises that the State Council State-owned Assets Supervision and Administration Commission performs the responsibilities of investors.

According to the announcement, after approval, China Rongtong Asset Management Group Co., Ltd. (hereinafter referred to as "China Rongtong Group") was included in the list of enterprises that the State Council State-owned Assets Supervision and Administration Commission performed the responsibilities of investors, and another central enterprise was born.

It is worth noting that the top three businesses of China Rongtong Group are real estate, agriculture, hotels and tourism. It is understood that "Lv Rong Hotel" is a brand of hotel business under China Rongtong Tourism Development Group. At present, there are nearly 200 comprehensive business hotels in China. The hotels owned by Lv Rong Hotel are famous in China, such as Yuanwanglou Hotel in Beijing, Huashan Hotel in Nanjing, Yan 'an Hotel in Shanghai, Zhujiang Hotel in Guangzhou and Wangjiang Hotel in Chengdu.