What is the first joint venture hotel in China?

Jianguo Hotel is the first Sino-foreign joint venture hotel in China. Jianguo Hotel started construction on June 27th, 1980, and officially opened on March 29th, 1982. Located in Yuwangfen, Jianguomen, Beijing, it covers an area of 1.7 million square meters and has a building area of 30,000 square meters. There are 528 rooms and more than 800 beds. The guest room has a separate bathroom, air conditioning, push-button automatic telephone and color TV. There are also taxis and foreign currency exchange offices in the store.

Jianguo Hotel is a joint venture of China International Travel Service Beijing Branch and Hong Kong Sino-American Hotel Development Co., Ltd. represented by Chinese American Chen Yiyuan, with an investment of 22 million US dollars, of which 5 1% is Chinese and 49% is foreign, and the cooperation period is 10 year. 1On August 29th, 990, the two parties held a signing ceremony to extend the term of the joint venture, extending the term of cooperation from 10 to 16. 1991On August 29th, Beijing Jianguo Hotel paid off all the investment loans of the Hongkong and Shanghai Banking Corporation (HKHSBC) of US$ 265,438+RMB 6,000 three months ahead of schedule.

Jianguo Hotel has adopted a set of scientific management methods from organizational setup to service requirements. After its opening, it soon gained a good reputation at home and abroad for its excellent service quality, and won awards such as "No Wine for Tourism", "Excellent Foreign-invested Enterprise", "International Hotel Gold Inn" and "International Quality Gold Star Award" at home and abroad.