Is Yantai New Era Hotel a state-owned enterprise?

Yantai New Era Hotel is a state-owned enterprise. Yantai New Era Hotel, at the end of 1998, in accordance with the central government's decision on the military not to engage in business, merged the assets with Shandong New Era Science and Technology Development Group Company to form a training base for the General Armament Department. It is now officially renamed Yantai New Era Building and is affiliated to the Military Commission The General Administration of Government Affairs is a state-owned enterprise.