Is Intercontinental Sanya a joint venture?

Yes, GeoffreyRyan, general manager of Hainan Intercontinental Hotels Group, said that China Free Group has been an important partner and friend of Intercontinental Hotels Group for many years. InterContinental Hotels Group attaches great importance to this cooperation. The smooth start of the No.2 Hotel Project in Sanya International Duty Free City Phase I marks an important step in the cooperation between China Free Group and Intercontinental Hotels Group.

Yang, Party Secretary of (Hainan) Investment Development Co., Ltd. said that the cooperation between the two parties will give full play to the business synergy and form complementary formats. The completion and use of the No.2 hotel project in Sanya International Duty Free City Phase I will be organically combined with the No.1 and No.2 commercial projects in Sanya International Duty Free City to form an industrial cluster effect.