China: Lanson Place Hospitality Management has signed a management contract with Guangzhou R&F Properties Company to operate serviced residences in Chengdu.
Lanson Place Tianfu Square Serviced Residences in Chengdu
R&F Centre will be Lanson Place's 11th property, and its first
in western China. The property is in Chengdu's financial centre, Luomashi precinct.
It will feature 162 units ranging from one-bedroom to penthouse
suites, and will open in late 2016.
Liu Yong Jin, President of R&F Properties Group Chengdu Company, said: "As another premium hospitality brand following the opening of The Ritz-Carlton, Chengdu, the new project with Lanson Place will bring to life an outstanding Serviced Residence in sheer elegance, modern luxury and home comfort. Located strategically within the heart of Chengdu, the project will revitalize the district by creating a genuine expatriate community with refined lifestyle, along with its nearby facilities and retail mall. We strongly believe that our partnership with Lanson Place will assure an affirmative growth for both companies."
Marc Hediger, CEO of Lanson Place, said: "We are delighted to join hands with R&F in expanding our presence into Chengdu and introducing Lanson Place's contemporary lifestyle. With the increasing prominence of the finance industry and an influx of multi-national corporations into the city, we see an emerging demand for high-end Serviced Residences. Combined with R&F's expertise and riding on our unparalleled services, we are able to maximize the asset value for property owners and cultivate an enhanced neighbourhood for guests. We look forward to having more opportunities to work with R&F in major cities of China."
R&F was founded in 1994 and is a leading comprehensive property developer in China. Its major focus is on property design, development, construction and management services. It is the first mainland property developer to be included as a constituent member of the Hang Seng China Properties Index, attributing to its successful debut listing on the Hong Kong Stock Exchange. Aside from real estate, R&F also has a strong presence in the hospitality industry, owning an extensive portfolio of hotels under major groups such as Hyatt, Marriott, The Ritz-Carlton, InterContinental and Hilton.