Wanda Hotel Development Company Limited (HKSE: 169) is an investment holding company whose subsidiaries are principally engaged in commercial property development, leasing, management and investment holding activities. We first went public on the Hong Kong Stock Exchange in 2002. In June 2013, Dalian Wanda Commercial Properties Co., Ltd. (“DWCP”) formally became our controlling shareholder. In October 2014, we changed our name to Wanda Hotel Development Company Limited.
At present, the Group has Fuzhou Hengli City and Guilin Wanda Plaza project in China, and has overseas mixed-use projects in London United Kingdom, Madrid Spain, Chicago United States, and Gold Coast Australia. All these overseas mixed-use projects feature a luxury hotel with residential and commercial components.
With supports from Parent Company, DWCP, the Group will continue to focus on international gateway cities which attract large tourism and business travel with growing international tourists, and actively participate in the development and operation of mixed-use property projects with a focus on hotels. The Group plans to retain the commercial component and hotel as investment whereas the residential component will be sold if market conditions are favourable, and to have the hotel operated under Wanda’s brands (the existing brands include but are not limited to Wanda Vista, Wanda Reign and Wanda Realm).
The Company expects that the hotel development business of the Group will grow over the years and become an important part of the Group’s operating activities. The Group will continue to be prudent and focus on developing financing channels, actively seeking outstanding and profitable investment opportunities that are in line with the Group’s development strategy, steadily developing property projects together with DWCP according to the afore-mentioned strategy, and thereby further expand our sources of revenue, enhance our profitability, and seek to maximize the interests of our shareholders.
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