Traditional Culture Encyclopedia - Hotel franchise - Is Xiamen Fontaine Holiday Hotel a state-owned enterprise?

Is Xiamen Fontaine Holiday Hotel a state-owned enterprise?

No. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively. Xiamen Fangte Holiday Hotel belongs to Huaqiang Fangte Group, not a state-owned enterprise. Huaqiang Fangte belongs to the brand of Huaqiang Fangte Culture and Technology Group Co., Ltd. Huaqiang Fangte Culture and Technology Group Co., Ltd. has invested in the construction of five theme park brands: Fangte Dream Kingdom, Fangte Happy World, Fangte Water Park, Fangte Oriental Painting School and Fangte ASEAN Painting School, among which Wuhu Fangte Paradise has more than 300 theme amusement projects, leisure projects and landscape projects.