Indian Hotels Company has signed a memorandum of co-operation (MoC) to form a joint venture with China-based Yunnan Tourism for developing two hotels in the Yunnan province of South-West China. The MoC has been done with the support of Strategic European Investment Management (SEIM) which is the representative of IHCL in China.
According to the agreement, the joint venture will develop, construct, operate and manage two hotels under the brands ‘Taj’ and ‘Vivanta by Taj’ in Kunming Expo Garden in Southwest China.
Kunming Expo is a major communication and transport hub in China having good connectivity with the domestic Chinese tourism circuit.
Taj already has management contracts for ‘Taj Temple of Heaven Beijing’, in close proximity to the Temple of Heaven Park in Beijing. It will also manage a 300-key luxury resort in Hainan Island, the premium resort destination in China.
