TEDA Travel Group Secures New Management Contract on Mega Clubhouse in Tianjin
HONG KONG, June 24 /PRNewswire-FirstCall/ — TEDA Travel Group, Inc., (OTC Bulletin Board: TTVL) a leading full service hotel service and real estate company, announces that its hotel management arm has just secured a management contract with a new mega clubhouse complex in Tianjin, People’s Republic of China.
Tianjin Siluen Cars Clubhouse, situated in the Airport Logistics District of the Tianjin area, is owned by Tianjin Siluen Group, the largest car distributor in Tianjin, which specializes in the sale of BUICK vehicles. The Group constructed the new clubhouse as a car exhibitors’ showcase, knowledge sharing facility, business meeting, sporting and entertainment venue, which is one of a kind in China with a floor area of over 20,000 sq.m. The clubhouse aims to provide a top venue for car distributors and buyers in China.
‘We are glad that our hotel management arm has secured a deal into a multi-function clubhouse which is one of a kind in China,’ said Mr. Godfrey Hui, CEO of the Company. ‘Our service quality is proven and is well received in the industry, which is why Tianjin Siluen Group has selected us as its partner.’
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels and resorts throughout China. The company is responsible for the supervision and day-to-day operations of the properties it manages. In addition to its property management division, TEDA Travel also has its own portfolio of real estate investments. Leveraged on its existing core businesses and the brand name ‘TEDA,’ one of most recognized names in China, TEDA Travel intends to become a market leader in the fast growing Chinese travel and real estate services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of the earliest approved and best state-level development zones in China. TEDA now has a developed area of 33 square kilometers (approximately 20 square miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers (27 miles) away from downtown and 140 kilometers (84 miles) from Beijing. TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the Company’s ability to execute its business model and strategic plans; and the risks described from time to time in the Company’s SEC filings.
For further information, please contact:
Mr. Godfrey Hui,
TEDA Travel Group, Inc.
SOURCE TEDA Travel Group, Inc.
Source: PR Newswire (June 24, 2005 – 10:29 AM EST)