Is Zhaolong Hotel state-owned?

Zhaolong Hotel is a five-star luxury hotel located in the East Third Ring Road. 1985 was opened and renovated in 2002. Building height 19 floors, standard room 25 square meters. It is invested by Mr. Bao Yugang, a native of Ningbo, Zhejiang Province, and its legal representative is Zhang Zhongfu. Comrade Deng Xiaoping personally wrote the name of the hotel and attended its opening ceremony.

Zhaolong Hotel is open to high-end business people and government officials at home and abroad. As a high-grade business hotel, the hotel also has Chinese restaurant, coffee shop, Indian restaurant, bar, multi-function hall, business center, recreation center and other service facilities to provide catering, entertainment, meetings and other activities for guests from all walks of life.

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Zhaolong Hotel is a symbolic product of China's reform and opening-up in 1980s, which embodies the great thoughts of the older generation of revolutionaries on reform and opening-up and revitalizing tourism and the childlike feelings of the patriot Mr. Bao Yugang. 1981July 6th, Comrade Deng Xiaoping personally accepted the donation from the famous Hong Kong industrialist Mr. Bao Yugang and built a tourist hotel.

And readily agreed to Mr. Bao's last wish to name the hotel after his father "Bao Zhaolong"; 1September 5, 983 Comrade Xiaoping personally wrote the name of Zhaolong Hotel under construction; 1985101On October 25th, Comrade Xiaoping personally led nearly ten party and state leaders to attend the opening ceremony of Zhaolong Hotel.

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