In December 2006, signed Sinchong Property Investment Pte Ltd (SPIPL), a Singapore-based real estate investment firm, a Memorandum of Understanding on a partially completed hotel project of the city of Wuxi take authority for consideration of a sum of RMB45 million. The original developers of a 22-storey three-star hotel building with 220 rooms and a four-story building called the staff. The concrete structure was already built, but due to financial difficulties, the Chinese owners had reliable … Read more »

In December 2006, signed Sinchong Property Investment Pte Ltd (SPIPL), a Singapore-based real estate investment firm, a Memorandum of Understanding on a partially completed hotel project of the city of Wuxi take authority for consideration of a sum of RMB45 million. The original developers of a 22-storey three-star hotel building with 220 rooms and a four-story building called the staff. The concrete structure was already built, but due to financial difficulties, the Chinese owners had to abandon the project. Within 60 days to take before signing the final agreement on the project was SPIPL wants to ensure that the project is feasible and that the new hotel, its first such project in China would be successful. During this time, Liang Chee Sian needs, the Chief Executive Officer of SPIPL assess the business challenges of the development and operation of the new International Hotel Wuxi.
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Chiang Choon Leong
Source: ABCC at Nanyang Tech University
17 pages.
Publication Date: Aug 30, 2007. Prod #: NTU005-PDF-ENG
Hotel Wuxi International: expansion in China HBR case solution