Investments

Accor boosts China presence

Bank Of America Investment Accor has signed a contract to build its first Ibis hotel in China -- the Lianyang Ibis in Shanghai.

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Investment Opportunity Ibis Shanghai, the first hotel of Accor French hotel management firm will be located in the center of Lujiazui financial area.

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Banc Of America Investment The hotel will consist of 300 rooms and will begin in May. It is expected to be completed in early 2008.

- or which in any other way are liable to cause harm to the brand image of Accor or its sales policy. 4. How much does membership cost All the tools and creations used to promote the Accor range are made available to you free of charge. Our affiliation programme requires no investment on your part. You will not be asked for any entrance fee or registration charge, and you will gain free and direct access to our tools (links, banners, search engines etc.).

Banking Investment Accor has also built an Ibis hotel in Qingdao, a coastal tourism city in East China's Shandong Province, which will be open by the end of this month. More Ibis hotels will be built in a dozen of major cities across China including Beijing, Chongqing, Hangzhou, Fuzhou and Wuhan.

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Investment Solution Strategic As the first international hotel management company entered China in 1985, Accor has put more attention on developing middle and high-class hotels, operating 14 Sofitel hotels, eight Novotel hotels and two Mercure hotels across the country.

Ken Xie, General Manager and Chief Analyst in IDC China says, "The real estate sector and selected manufacturing industries such as steel, lytic aluminium and concrete, will be most affected by these government regulations. However, as a whole, these industries account for only a small proportion of the total IT spending in China. A slow down in capital investments in these industries is therefore unlikely to cause a decline in IT infrastructure investments.

Investment Banking Services With booming business from its tourism market, economical hotels, such as Ibis hotels, have become the new focus of Accor's hotel marketing strategy in China. Aimed at shaping a comprehensive hotel chain system in China, Accor is to open 43 hotels in China, among which 24 will be Ibis.

Bank Investment Accor has built hotels in more than 140 countries worldwide, with a total of 168,000 employees and an annual revenue of seven billion euros.

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