THE PROPOSED PROJECTS FOR INTERNATIONAL ECONOMIC
AND TECHNICAL COOPERATION IN NINGBO IN 2001

Ser. No: 051 Industry: Service Industry
March, 2001
Project Title
Cixi Deluxe Hotel
Cooperation
Form
Joint Venture or Wholly Foreign-Owned Firm

Project
Description

ProjectScheme,
Construction
Planning,
Marketing Analysis,
Business Scaleand
Estimated Sales
The scale of construction: the hotel contains 29,010 gross square metres of space.
Cixi is the economy-developed city. Its comprehensive economic strength has taken a succesive lead in the national top 100 counties, and is among the four top economic counties in Zhejiang Province. There are now a high comfort hotel and four average comfort hotels in the downtown Cixi. The lodging rate of hotels accounts for over 70 percent of the total all the year round. In holidays or festivals, the hotels burst with guests. The construction of the through transport service by sea across Hangzhou Bay will enable Cixi to enter shanghai's "two-hour transport range". The cixi deluxe hotel to be built will be very impressive in both economic performance and market prospects. The project covers an area of 7,470 square metres with the construction of 29,010 square metres. The main building will be 29 storeys high with two storeys under the ground. Built in the light of the deluxe hotel standard, it is a modern multifunctional grand hotel complete with the guest rooms, restaurants, entertainment, health care, commerce and tourism.
It is predicted that the annual business income would be 150 million yuan with the annual profit of 30 million yuan.

Equipment Tobe Importedand Rawmaterials to Be Supplied

-

Estimated Investment and Benefit Analysis

Total
Investment
USD
25 million
Registered
Capital
USD
10 million
Annual
Salesincome
RMB
150 million
Investment Form of Foreign Partner
Annual
profit
RMB
30 million
Cash
Technology
Equipment
Brand
Others
Internal
Rateof
Recovery
15 percent
¡Ì
-
-
-
-
Recovery
Periodof
Investment
7 years

Present Status of Chinese Partner(Current Ownership, Total Assets and Fixedassets, Present Products and Sales, Present Equipment Andtechnology and Facilities, etc.)

Cixi Foreign Trade and Economic Cooperation Commission takes charge of foreign trade and ceonomic cooperation in the city. It will provide investors with the preferential policy and the relevant service.
Location Advantage
The project site is situated in the centre of Cixi, over 60Km from Ningbo airport, 18Km from Yuyao train station, and 5Km from the Cixi section of Hangzhou-Ningbo expressway.
Process of The Project
Seek for foreign investment.
Document
Savailable
The description of the project
Chinese Partner to Contact
Cixi Foreign Trade and Economic Cooperation Commission
Person to
Contact
Chu Xiaoming
Address
269, Zhishan Road, Cixi, Zhejiang, China
Post Code
315300
Telephone
0086 - 574 - 63810508
Fax
0086 - 574 - 63810812
E-mail
cfic@public.cx.nbptt.zj.cn
Website
www.cixichina.com

Municipal Liaison Department: Ningbo Municipal Commission of Foreign Trade and Economic Cooperation
(Ningbo foreign Investment Development Board)
Address: 190 Lingqiao Road, Ningbo 315000, P.R.China
Telephone: 86-574-87327023(Information Liaison Dept.), 87315735(The First Sector Dept.), 87310671(The Second Sector Dept.)
Fax:86-574-87315992, 87327429
E-mail: xmb@ningbochina.com
Website: www.ningbochina.com