Beijing Capital Airport Tourism Co Ltd has selected an operating partner and the negotiations of a management agreement for a hotel located at the new Terminal 3 of the Beijing Capital International Airport have successfully been completed.
 
Jones Lang LaSalle Hotels (the "Firm") is pleased to have assisted Beijing Capital Airport Tourism Co., Ltd. (BCA) in the selection of an operating partner and the negotiations of a management agreement for a hotel located at the new Terminal 3 of the Beijing Capital International Airport (BCIA).

Scheduled to open in 2008, Hilton Beijing Capital Airport will feature 323 rooms.

In September 2007 on behalf of BCA, the Firm had successfully negotiated a management agreement on a second hotel at BCIA with Langham Hotels.

"The value created for BCA, a leading enterprise in the Chinese airport, tourism and aviation industries, will be ensured through its partnership with Hilton Hotels," said Mr Andreas Flaig, Executive Vice President, Jones Lang LaSalle Hotels and head of the Firm's operations in China.

Hilton is the flagship brand of Hilton Hotels Corporation, a leading global hotel operator with a portfolio of more than 500 Hilton hotels worldwide.  "Hilton Hotels has a strong track record of managing airport hotels. The global reach of its brand and distribution network will clearly contribute to maximizing the owner's returns", said Mr Flaig. He added, "The operating philosophy of the Hilton and Langham brands will strongly complement each other at one of the most prominent hotel locations in China."

The new Terminal 3 at the BCIA is the largest roofed building in the world and is fully operational since March 26, 2008 serving international carriers as well as Air China and Shanghai Airlines. Terminal 3 has the capacity to handle 600,000 flights per annum, which triples BCIA's previous capacity.  In addition, Terminal 3 can handle over twice the volume of passenger throughput from its current annual 36 million passengers to 82 million. 

Mr Flaig, together with Lily Ng, Senior Vice President and Hans Galland, Vice President, led the selection and negotiation process on behalf of BCA.  "The successful negotiation of the two management agreements demonstrates our Firm's ability to blend global experience with local knowledge," said Mr Flaig.