|
|
(formerly KYZ) Hotels International |
3 January 2001: Accor, the world�s largest hotel and tourism company,
is to become a joint-partner in Zenith (formerly KYZ) Hotels International,
one of China�s most experienced and successful hotel management companies,
following the announcement today of a joint-venture agreement between the
two companies.
Zenith currently operates nine hotels (3448 rooms), including eight in China, and has a further four hotels (1318 rooms) under development. All Zenith�s hotels are of 4 or 5-star standard and are located in China�s
key centres, including Beijing, Hangzhou and Shenzhen. Zenith also operates
a hotel in Bangkok, and as part of its expansion programme, will add three
new hotels in China (Chongqing, Guangzhou and Hefei).
Commenting on the agreement, Accor�s Jochen Dobel, Deputy Chairman Asia Pacific, said that the deal was a result of the two companies� natural synergies and the opportunities presented by the co-operation agreement. �Zenith�s executive team contains some of the most experienced �China
hands� in the business,� said Dobel. �As most companies find, getting established
in China requires considerable expertise, and that only comes with experience
and the building of strong relationships with local partners. The team
at Zenith has pioneered the development of the international hotel sector
in China, and we believe that our two companies will add value combining
Zenith�s China expertise with Accor�s global and Asia experience, enabling
us to extend our network at an even faster rate.
Ernst Zimmermann, Chief Executive Officer of Zenith Hotels, welcomed the partnership with Accor: �Zenith sees the partnership with Accor as taking our involvement in China and Asia to the next level. The hotel sector is increasingly global in its operation and outlook, and Accor - as a global leader in hotels and tourism - will add this dimension to the partnership. Possibilities for further co-operation between Accor and Zenith hotels will be evaluated within the coming three months. �It will enable both parties to take advantage of our combined experience and skills, while offering new potential owners access to the most dynamic partnership in China.� �China is a fast changing market and it is essential for international operators to maintain close relationships with local partners. In many cases, we have worked with owners and developers for some twenty years, building trust and close understanding, and with Accor now on board, we believe we can add additional local partners to further develop the group�s network.� |
###
Peter Hook General Manager Communications - Asia Pacific Tel: (61-2) 9367 0860 [email protected] Zenith International Hotels Ernst Zimmermann, Chief Executive Officer Tel: (852) 2376 3612 [email protected] |
Also See | Accor Names Beau de Loménie GM at Peace Hotel Beijing; Will Rebrand as Novotel / April 2000 |
Wuhan Yuen Xing Hotel Co., LTD Appoints Accor to Manage New Hotel in Wuhan / May 1999 |