{"id":529806,"date":"2026-03-18T01:04:09","date_gmt":"2026-03-18T01:04:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/529806\/"},"modified":"2026-03-18T01:04:09","modified_gmt":"2026-03-18T01:04:09","slug":"corinthia-expands-eastwards-with-its-first-china-project-the-business-picture","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/529806\/","title":{"rendered":"Corinthia expands eastwards with its first China project \u2014 The Business Picture"},"content":{"rendered":"<p>Corinthia is poised to expand into China through a partnership that will see it operate a high-end hotel in Chengdu. <\/p>\n<p>The hotel chain\u2019s parent firm International Hotel Investments announced the partnership with  ShiLong Industry Co and The Geminus Group in a statement to the market on Tuesday. <\/p>\n<p>The Corinthia Chengdu will occupy a new 225 metre tower under construction in Chengdu\u2019s Gaoxin District and is scheduled to open in 2032. It is slated to feature 150 rooms and 60 high-end residences offering panoramic views of the city. <\/p>\n<p>Chengdu is the capital of China\u2019s Sichuan region and has a population of 21 million. <\/p>\n<p>\u201cThe development will combine luxury retail, residential and commercial components with a total investment of approximately RMB 4.0 billion. Designed to meet the highest standards of contemporary luxury and sustainability, the project reflects the ambition and forward-looking character of the city itself,\u201d the company said in a statement. <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"1024\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAwAAAAQAAQMAAABs6KxDAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAHZJREFUeNrtwQEBAAAAgiD\/r25IQAEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHwbhA8AAXtV0jMAAAAASUVORK5CYII=\" alt=\"\" class=\"wp-image-7321 pk-lazyload\" data-pk- data-ls- data-pk-src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/03\/Chjina-2-768x1024.jpg\" data-pk-\/>A render of the planned development. Photo: Corinthia<\/p>\n<p>It will be Corinthia\u2019s first foray into the Chinese market. <\/p>\n<p>The company\u2019s partner in the venture has significant experience in the sector. Shilong Industrial Co Ltd specialises in real estate and property development in Chengdu, with a particular focus on hotel construction and management. <\/p>\n<p>The London-based Geminus Group will act as an advisor to Corinthia, a company spokesperson told The Business Picture. <\/p>\n<p>Simon Naudi, Group CEO of Corinthia Group, commented: \u201cBringing Corinthia to China marks an exciting milestone in our international growth. Chengdu is a city of dynamism, creativity and cultural depth \u2013 qualities that resonate deeply with our own philosophy. With this project we are proud to introduce Corinthia to Central China, creating a landmark destination that reflects the spirit of its setting while delivering the character and intuitive service that define our brand. We look forward to welcoming both domestic and international guests to experience Corinthia in one of China\u2019s most vibrant and forward-looking cities.\u201d<\/p>\n<p>XIAO Miaomiao, chairman of Shilong Industrial Co., said: \u201cAs a city co-constructor deeply rooted in the local community, we look forward to our in-depth cooperation with Corinthia, a leading European luxury hotel brand. Together, we will convey the brand\u2019s heritage, uphold global excellence in service, and integrate these with Chengdu\u2019s distinctive local culture. Through this collaborative effort, we aim to create a new benchmark for luxury living that embodies both an international outlook and local character, contributing to Chengdu\u2019s emergence as a world-class destination for high-end consumption and resort experiences.\u201d<\/p>\n<p>Anthony Bailey, Chairman of The Geminus Group, said Chengdu deserved a new landmark in hospitality.<\/p>\n<p>\u201cBuilding on our strategic partnership with Corinthia, this project reflects our long-term commitment to China: setting a new benchmark for luxury \u2013 service-led, beautifully crafted and unmistakably rooted in place.\u201d<\/p>\n<p>Corinthia said it continues to explore additional opportunities across China as part of its carefully phased expansion strategy, underscoring the group\u2019s long-term commitment to the market.<\/p>\n<p>Founded in Malta and with Maltese ownership roots, the Corinthia hotel group has been steadily expanding globally over the past years. It now operates hotels in major capitals such as London, <a href=\"https:\/\/timesofmalta.com\/article\/corinthia-hotel-rome-opens-doors.1125207\" rel=\"nofollow noopener\" target=\"_blank\">Rome<\/a>, Budpest and <a href=\"https:\/\/timesofmalta.com\/article\/corinthia-brussels-grand-hotel-astoria-reviehttps:\/\/timesofmalta.com\/article\/corinthia-brussels-grand-hotel-astoria-review-luxury.1105000w-luxury.1105000\" rel=\"nofollow noopener\" target=\"_blank\">Brussels <\/a>as well as New York, with pans to operate a hotel in Abu Dhabi. <\/p>\n<p>To help finance that expansion, the company <a href=\"https:\/\/thebusinesspicture.com\/2026\/01\/20\/ihi-sells-major-stake-in-corinthia-lisbon-hotel\/\" rel=\"nofollow noopener\" target=\"_blank\">sold a major stake <\/a>in its Lisbon development and announced a <a href=\"https:\/\/timesofmalta.com\/article\/corinthia-group-announces-45-million-bond-issue-assets-set-top-1bn.1119858\" rel=\"nofollow noopener\" target=\"_blank\">\u20ac45 million bond issue<\/a> late last year.<\/p>\n","protected":false},"excerpt":{"rendered":"Corinthia is poised to expand into China through a partnership that will see it operate a high-end hotel&hellip;\n","protected":false},"author":2,"featured_media":529807,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[28,158],"class_list":["post-529806","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship","tag-business","tag-entrepreneurship"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/529806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=529806"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/529806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/529807"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=529806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=529806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=529806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}