1、CHINA DEVELOPER REPORTProposed Multi-Projects:1. InterContinental Resort Jiuzhaigou1. 九寨天堂洲际大饭店2. Holiday Inn Jiuzhaigou2. 九寨沟甲蕃古城假日酒店3. Express by Holiday Inn Jiuzhaigou3. 九寨沟甲蕃古城快捷假日酒店Owner:1. InterContinental Resort Jiuzhaigou:Sichuan Jiuzhai Tiantang Wenquan Hotel Co. Ltd (四川九寨天堂温泉酒店有限公司)2. Holi
2、day Inn Jiuzhaigou & Express by Holiday Inn Jiuzhaigou: Sichuan Jiuzhai Tiantang Jiabo Gucheng Industrial Co. Ltd (四川九寨天堂甲蕃古城实业有限公司) Note: The above owners are the subsidiary companies of New International Convention and Exhibition Centre Chengdu Century City Co. Ltd (成都世纪城新国际会展中心有限公司) Developer:Jer
3、ry Huang/Leslie ShenDate:January 18, 2006 (MC signed)Subject:Brief Introduction DEAL SUMMARY SHEET1. PROPERTY SUGGESTIONFacility Criteria Summary1. InterContinental Resort JiuzhaigouLocationJiuzhai Paradise,Jiuzhaigou Scenic Area Jiuzhaigou SichuanOpening DateSeptember 2003Operated by the ownerRebra
4、nding DateMay 2006Expected by the ownerRoomsCommentsTypeNo. of Rooms% MixKing Bed32231.6%TBADouble/Double61960.7%TBADisabled50.5%TBASuites727.0%TBAPresidential Suites2 0.2%TBATotal1020100%Food & Beverage OutletsTypeNumber of SeatsCoffee Shop All Day Dining670Chinese Restaurant (1)780Chinese Restaura
5、nt (2)640Western Restaurant (1)60Western Restaurant (1)50Other Restaurant250Lobby Lounge30Theme Bar200Other Bar60Total Seats - F&B2740Meetings FacilitiesTypeNumber of SeatsBallroom 1800Meeting Room 1100Meeting Room 280Meeting Room 360Meeting Room 460Meeting Room 520Meeting Room 620Boardroom 1150Boar
6、droom 220Total Seats2310Recreational AmenitiesPoolYes1250 MHealth Club/GymYes200 MOther AmenitiesExecutive LoungeYes550 MBusiness CentreYes120 MLaundry / ValetYesFull Laundry Service; 2000 MSpaYes1000 MGift ShopYes765 MTennis CourtNAGM ApartmentYesTBAParkingYesTBAStaff ApartmentsYes334 rooms/10,272
7、MPhoto:2. Holiday Inn JiuzhaigouLocationJiabo Ancient City,Jiuzhaigou Scenic Area Jiuzhaigou SichuanOpening DateJuly 2005Operated by the ownerRebranding DateMay 2006Expected by the ownerRoomsCommentsTypeNo. of Rooms% MixStandard Room606100%TBASuites00%Disabled0 0% Total606100%Food & Beverage Outlets
8、TypeNumber of SeatsCoffee Shop All Day Dining0Chinese Restaurant1800Lobby Lounge50Total Seats - F&B1850Meetings FacilitiesTypeNumber of SeatsBallroom 0Meeting Room0Boardroom0Total Seats0Recreational AmenitiesPoolNoneHealth Club/GymNoneOther AmenitiesExecutive LoungeNoneBusiness CentreYes30 MLaundry
9、/ ValetYesProvided by InterContinental Resort JiuzhaigouSpaYes400 MGift ShopYes240 MTennis CourtNoneGM ApartmentYesTBAParkingYesTBAStaff ApartmentsYes392 rooms/8,000MPhoto:3. Express by Holiday Inn Jiuzhaigou LocationJiabo Ancient City,Jiuzhaigou Scenic AreaJiuzhaigou SichuanOpening DateJuly 2005Ope
10、rated by the ownerRebranding DateOctober 2006Expected by the ownerRoomsCommentsTypeNo. of Rooms% MixStandard Room145398%TBASuites292%TBADisabled0 0% Total1482100%Food & Beverage OutletsTypeNumber of SeatsCoffee Shop All Day Dining0Chinese Restaurant 380Western Restaurant230Lobby Lounge0Total Seats -
11、 F&B610Meetings FacilitiesTypeNumber of SeatsMeeting Room0Total Seats0Recreational AmenitiesHealth Club/GymNoneOther AmenitiesBusiness CentreNoneLaundry / ValetYesProvided by InterContinental Resort JiuzhaigouSpaYes600 MGift ShopYes140 MParkingTBAStaff ApartmentsNonePhoto: 2. STRATEGIC RATIONALE Pro
12、posed three hotels are all located in the Jiuzhaigou Scenic Area; and Jiuzhaigou is situated in the north of Sichuan Province and is known far and wide as a fairyland.” Its attraction lies in its simple, idyllic beauty; a fairyland, primitive and natural and still in its pristine state. With majesti
13、c and unrivalled emerald lakes, layered waterfalls, colourful forests, snow peaks and Tibetan folk villages, all blending in harmony with each other - it is natures jewel set into the mountains. Since the implementation of Chinas Great Western Development Strategy by the central government, Sichuan
14、has seized this historic opportunity to bring into full play of Sichuans advantages based on its actual situation. The resource-to-capital transition has been greatly promoted and the exploitation of tourism advantages has been accelerated. Tourism industry has become one of Sichuans pillar industri
15、es. Jiuzhaigou Scenic Area was listed by UNESCO (United Nations Educational, Scientific and Cultural Organization) and other authoritative international organizations as (a) the World Natural Heritage;(b) the World Biological Circle Protection Zone;(c) the member of organization called “ Green Globe
16、 21” and ranked as one of the China AAAA National-grade Tourist Attractions by China National Tourism Administration. The place is honoured as “Wonderland of fairy tale” and “Fairyland on earth” in the world; it has become the worldwide well-known tourist attraction. These hotels are to be integrate
17、d into a multipurpose complex embracing conference, resort, dining, entertainment, leisure, relaxation, shopping and residential features, with a total floor area of 203,000 square meters. The lobby of proposed InterContinental Resort is about 10,000m with transparent glass structure supported by st
18、eel frame; the hot spring centre is also huge with over 10,000m. These facilities, together with the conference centre, various dining area & bar and the Ancient Qiang village, have formed a flower with big petals rooting in the green forest. Such many kinds of functions have already enabled the pla
19、ce becomes the permanent site to host two great international conferences of “Global Economic Cooperation Forum” and “World Environment and Development Forum”. It becomes “Oriental Davos” in the world. The project of proposed three hotels will help IHG to not only hold the market in Jiuzhaigou Sceni
20、c Area as proposed three brands cover different market segments but also open the door of developing more resort projects in China. For site plan of the projects please click on the following PDF file: Strategic Distribution Plan (InterContinental, Holiday Inn and Express by Holiday Inn Brand in Jiu
21、zhaigou) Brand:InterContinentalCity:JiuzhaigouDriversWeightRatingPoints54321IHG exclusivityYes/NoCurrent market ADR3more than USD150USD150 - USD100USD100 - USD80USD80 - USD60less than USD609Current market Occ3more than 80%80% - 70%70% - 60%60% - 50% less than 50%9Projected ADR3more than USD150USD150
22、 - USD100USD100 - USD80USD80 - USD60less than USD6012Projected Occ3more than 80%80% - 70%70% - 60%60% - 50% less than 50%12GDP/GDP Growth2more than USD30 billion USD30 - 20 billionUSD20 - 10 billionUSD10 - 1 billionless than USD1 billion2Transportation/Access2International AirportDomestic Airportrai
23、lway stationcoach stationlimited access8Business Destination2major gateway gateway citysecondary citydeveloping citysmall city4Leisure Destination1Very attractiveattractive normal attractiveless attractiveno attractive5Population1more than 10 million10 million - 6 million6 million - 3 million3 milli
24、on - 1 millionless than 1 million2Total Score63Remarks:Maximum total score 100Minimum total score20Must Havetotal score 81 - 100AImportanttotal score 61 - 80BNice to havetotal score 41 - 60CBrand:Holiday InnCity:JiuzhaigouDriversWeightRatingPoints54321IHG exclusivityYes/NoCurrent market ADR3more tha
25、n USD80USD80 - USD60USD60 - USD40USD40 - USD30less than USD3012Current market Occ3more than 80%80% - 70%70% - 60%60% - 50% less than 50%12Projected ADR3more than USD80USD80 - USD60USD60 - USD40USD40 - USD30less than USD3012Projected Occ3more than 80%80% - 70%70% - 60%60% - 50% less than 50%12GDP/GDP
26、 Growth2more than USD30 billion USD30 - 20 billionUSD20 - 10 billionUSD10 - 1 billionless than USD1 billion2Transportation/Access2International AirportDomestic Airportrailway stationcoach stationlimited access8Business Destination2major gateway gateway citysecondary citydeveloping citysmall city4Lei
27、sure Destination1Very attractiveattractive normal attractiveless attractiveno attractive5Population1more than 10 million10 million - 6 million6 million - 3 million3 million - 1 millionless than 1 million2Total Score69Remarks:Maximum total score 100Minimum total score20 Must Havetotal score 81 - 100A
28、Importanttotal score 61 - 80BNice to havetotal score 41 - 60CBrand:Express by Holiday InnCity:JiuzhaigouDriversWeightRatingPoints54321IHG exclusivityYes/NoCurrent market ADR3more than USD50USD50 - USD40USD40 - USD30USD30 - USD20less than USD209Current market Occ3more than 90%90% - 80%80% - 70%70% -
29、60% less than 60%12Projected ADR3more than USD50USD50 - USD40USD40 - USD30USD30 - USD20less than USD209Projected Occ3more than 90%90% - 80%80% - 70%70% - 60% less than 60%12GDP/GDP Growth2more than USD30 billion USD30 - 20 billionUSD20 - 10 billionUSD10 - 1 billionless than USD1 billion2Transportati
30、on/Access2International AirportDomestic Airportrailway stationcoach stationlimited access8Business Destination2major gateway gateway citysecondary citydeveloping citysmall city4Leisure Destination1Very attractiveattractive normal attractiveless attractiveno attractive5Population1more than 10 million
31、10 million - 6 million6 million - 3 million3 million - 1 millionless than 1 million2Total Score63Remarks:Maximum total score 100Minimum total score20 Must Havetotal score 81 - 100AImportanttotal score 61 - 80BNice to havetotal score 41 - 60C3. DEAL TERMS Type of deal:Company Management Application f
32、ees:Not applicable TSA fee:Amounts refer to the Side Letter and collected completely upon signing of MCs. Management Fees: Basic Management Fee:2% of Total Adjusted Gross Revenue Incentive Management Fee:5% of Gross Operating ProfitSystem Assessment for InterContinental Brand: System Fund Contributi
33、on Refer to the Side Letter InterContinental Special Frequency Marketing ContributionUS$10 per 2000 point transaction for both base and bonus points earned by guests for staying at the hotel on which frequency points (or frequency miles related to an airline frequency alliance programme) are require
34、d to be awarded. InterContinental Ambassador Fee3% of Gross Revenues attributable to stays at the hotel of participants in the InterContinental Ambassador. Employee Training ContributionReimbursable ESPSReimbursable TACPReimbursable Quality Evaluation ChargeReimbursable GSTSReimbursable Initial term
35、:10 years Guarantee:Not applicable Inducement:None Pre-opening budget:TBA Special termination rights:Refer to Clause 17 stipulated in signed management contractSystem Assessment for Holiday Inn and Express by Holiday Inn Brand: System Fund Contribution Refer to the Side Letter Special Frequency Mark
36、eting Contribution5% of the Hotels Gross Revenues for each night of a hotel stay on which frequency points (or frequency miles related to an airline frequency alliance programme) are required to be awarded. Employee Training ContributionReimbursable ESPSReimbursable TACPReimbursable Quality Evaluati
37、on ChargeReimbursable GSTSReimbursable (Not applicable for Express by Holiday Inn) Initial term:10 years Guarantee:Not applicable Inducement:None Pre-opening budget:TBA Special termination rights:Refer to Clause 17 stipulated in signed management contractCapital Replacement Refer to Clause 8 stipula
38、ted in signed management contract4. MARKET INFORMATION4.1 Economic/Scenic Environment Jiuzhaigou is a wonderland in the Aba Tibetan and Qiang ethnicity autonomous prefecture of Jiuzhaigou County, Sichuan Province. It covers a total area of 720 square kilometres. High mountains and deep valleys and B
39、arrier Lake are what make Jiuzhaigou special. Jiuzhaigou got its name since there are nine ancient Tibetan villages in the ravine. Jiuzhaigou was listed in the World Natural Heritages in 1992. The green and golden trees, the lofty and multi-shaped mountains and the clear and colourful waters constitute the unique beauty of Jiuzhaigou while the water of Jiuzhaigou is the soul of its beauty. So, there goes the saying: No mountain is worth seeing af
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