Rapid growth for Dusit joint venture in China
The company has signed 15 hotel management agreements in first year
Dusit International’s joint venture in China has signed 15 hotel management agreements in its first year of operation, with another 12 under negotiation at the moment.
The company, Dusit Fudu Hotels and Resorts, is a joint venture with local partners Changzhou Qiao Yu Group.
Among the signed hotels are properties in Guangzhou, Yunnan and Sichuan, under the Dusit Devarana, Dusit Thani, Dusit Residence and dusitD2 brands.
The properties under development are in Shanghai, Hangzhou, Fuzhou, Xiamen, Changsha, Zaozhuang, Chengdu and Guiyang.
“Dusit Fudu is on track to have 50 hotels within the next five years under its belt, despite being a newcomer in a competitive marketplace,” said Dusit Fudu president Lim Boon Kwee.
“We are pleased to bring four distinct hotel brands to China: Dusit Devarana, Dusit Thani, dusitD2 and Dusit Princess, as well as our signature Devarana Spa.”