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Jumeirah delays Shanghai.
Friday, 13th February 2009
Source : HVS International
Dubai's Jumeirah has announced plans to delay the opening of its first hotel in China due to the slowdown in the global economy which has weaken demand for travel.

Initially planned to open in late 2008, the 338-key Jumeirah Han Tang Xintiandi Hotel, which is located in downtown Shanghai, has been rescheduled to open in late 2009.

The Jumeirah Han Tang Xintiandi Hotel is jointly owned by Leo Investment, a real estate-focussed investment firm which is the controlling stakeholder of the project, and Hong Kong's Shui On Group, which holds the remaining 15% stake in the project.

www.hvs.com
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