Traditional Culture Encyclopedia - Hotel accommodation - Is Kunming Peony Hotel a state-owned enterprise?

Is Kunming Peony Hotel a state-owned enterprise?

No, according to the survey of official website, Kunming Peony Hotel is a private enterprise, not a state-owned enterprise. State-owned enterprises refer to enterprises funded or controlled by the state, and private enterprises refer to enterprises funded or controlled by individuals or other private institutions. Established in 1993, Kunming Peony Hotel is a comprehensive service enterprise focusing on tourism, business and conferences, and its business scope includes hotels, restaurants, conferences and tourism, although Kunming Peony Hotel is not a state-owned enterprise.