Is Guangzhou White Swan the first five-star hotel in China?

Guangzhou White Swan Hotel, the first five-star Chinese-foreign cooperative hotel in China, which was built in the early days of China's reform and opening up, celebrated its 20th birthday on the 6th, which was also the date when the contract expired, and its assets were owned by the Guangdong provincial government. Today is the sixth day of the Lunar Year of the Sheep in China, and the White Swan Hotel in Chi Pan, the Pearl River in Guangzhou, is filled with festive atmosphere. There are many Chinese and foreign tourists and Guangzhou citizens taking photos in front of the "Hometown Water" Waterfall in the lobby of the hotel with southern garden features such as mountains, water, pavilions and pavilions. There is nothing special about the warm sunshine shining through the glass on flowers, green grass and people's smiling faces. But today, 20 years ago, as the first five-star hotel in Guangzhou, it was also the first high-class hotel in China that allowed non-residents to stay. At that time, the hall was crowded with people. Zhu Min, head of public relations department of White Swan Hotel, confirmed to reporters that after the contract expires, the hotel has officially become a state-owned enterprise under the provincial government. Regarding the next operation, Zhu Min said that the Guangdong provincial government is negotiating with its partner, Mr. Fok Yingdong, and does not rule out the possibility that Mr. Fok Yingdong's company will continue to operate the White Swan Hotel in the form of contracting. White Swan Hotel is the first Sino-foreign cooperative five-star hotel in China. 1982 10, Guangdong province and Hong Kong Weichang Development Co., Ltd., on behalf of Fok Yingdong and others, signed the Agreement on Cooperative Operation of White Swan Hotel, with a total investment of more than 49 million US dollars, about 90 million RMB at the exchange rate at that time. Sino-foreign cooperation mode is selected for this project, and the operating period is agreed to be 15 years. 1997, both parties agreed to extend the agreement for five years, and extend the cooperation period to 2003. 1On February 6th, 983, White Swan Hotel officially opened, which is the first large-scale modern Chinese-foreign cooperative hotel designed, built and managed by itself in China. This hotel, which made a profit in the first year of its opening, created the first hotel industry in China to be included in the "world-class hotel organization" and won many firsts, and also became a landmark building in Guangzhou. In the early 1980s, the success of White Swan Hotel attracted a lot of Hong Kong capital to enter the hotel industry in Guangzhou, which started the development of the hotel industry in Guangzhou. Since then, Hong Kong capital has entered the hotel industry in Guangzhou on a large scale. China World Hotel and Garden Hotel opened in 1984 and 1985 respectively, and three of the five five-star hotels in Guangzhou laid the foundation stone at that time. By the end of 20021Feb. 3 1 day, White Swan Hotel * * * had achieved an operating income of 5.3 billion yuan, paid taxes of 500 million yuan and a total profit of 500 million yuan. Over the past 20 years, a total of 7.89 million Chinese and foreign guests have stayed at the White Swan Hotel, including 180 heads of state from dozens of countries.