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The Hong Kong-based Regal Hotels International signed an investment agreement with Xindu District Government on June 14. According to the agreement, the company is to invest RMB1.5 billion to build the first five-star hotel in the northern part of Chengdu in Xindu as well as a business district covering 8 hectares. The hotel project occupies an area of 3.7 hectares and is located at the crossing of Xingle Road of Xindu District.
Xindu Regal Hotel will lay a foundation before the end of October and is expected to open before 2011. (Chengdu Weekly new)
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