The acquisition was only completed in 2003, and it has not been completed yet.

Hainan First Investment Group Co., Ltd. and the internationally renowned Shangri-La Hotel Group signed an agreement on August 18 to jointly build Shangri-La Hotel in Haikou.

Shangri-La Hotel Haikou will be transformed from the former Sinochem Building in Haikou. 1993, Sinochem Building Project is invested and constructed by Sinochem Hainan Company under China Chemical Import and Export Corporation. In April 2003, Hainan First Investment Group officially completed the acquisition of Sinochem Building. After comprehensive evaluation and demonstration, it is decided to build it into the most luxurious super business hotel with the most perfect meeting function in Hainan.

As a landmark landscape building in Haikou, Shangri-La Hotel in Haikou will stand on Haikou Binhai Avenue at a height of 170 meters and become the new king of Haikou. The biggest highlight of the hotel is the only 38-meter-high atrium lobby in China, the highest sightseeing floor in Hainan, and the largest columnless multifunctional banquet hall in Hainan (65,438+0,000 square meters), with as many as 65,438+00 high-speed elevators and 65,438+00 luxury escalators to provide the most convenient and efficient service for guests.

Shangri-La Hotel Haikou covers an area of 65,438+8,000 square meters, with a building area of 78,000 square meters, 4 floors underground and 40 floors above ground, with nearly 400 rooms. The total investment is about 500 million yuan, and the total cost of each room is between 6.5438+million and 6.5438+0.5 million dollars. Hainan First Investment Group is an investor and owner, managed by Shangri-La Hotel Group, the largest luxury hotel management group in Asia.