Traditional Culture Encyclopedia - Hotel franchise - Is Hangzhou Oceanwide Diaoyutai Hotel a state-owned enterprise?

Is Hangzhou Oceanwide Diaoyutai Hotel a state-owned enterprise?

No, Hangzhou Oceanwide Diaoyutai Hotel is the first luxury hotel under MGM Diaoyutai Hotel Group, which is a private enterprise, not a state-owned enterprise. Hangzhou, referred to as "Hangzhou" for short, is the capital of Zhejiang Province, a sub-provincial city and the core city of Hangzhou metropolitan area. It is the capital of Zhejiang Province and the economic, cultural, scientific and educational center of the whole province approved by the State Council.