HK CTS Hotels

HK CTS Hotels has entered into a strategic partnership agreement with InterContinental Hotels Group at Crowne Plaza Beijing Lido, pursuant to which they would jointly operate InterContinental’s up-scale brand – Crowne Plaza Hotels & Resorts and mid-scale brand – Holiday Inn and Holiday Inn Resort on a franchising basis in the Greater China region. It has blazed a trail for a Chinese-funded hotels group to operate and manage the mid and up-scale brands of an international hotels group in Mainland China.