America's Best Franchising Opens 4th Hotel in China
October 29, 2012 // Franchising.com // America’s Best Franchising continues to expand in China with the opening of a new five-star hotel in Yiwu, a city of about two million people located about 190 miles southwest of Shanghai.
The eight-floor 80-room property is the fourth hotel for America’s Best Hotels China Limited, a partnership which has opened franchisee properties in that country since January 2010. Already in operation are two other properties in Yiwu, and another in Wuyi, which is located within 250 miles of Shanghai.
“Despite a sluggish worldwide economy, the Chinese hospitality industry has been growing at about 6 to 7% a year for the past five years and the occupancy at luxury hotels in typically at 60% or higher — due to a healthy market of international tourists and a wealthy market of domestic travelers,” according to Doug Collins, Chairman and CEO of Americas Best Franchising.
“Our franchise partners are important part of this growth and we expect to add five to ten new properties a year in China for the next 10 years.”
Features at the Yiwu hotel include meeting rooms, a lobby lounge, cafe, western style restaurant, swimming pool, health club and a ballroom of almost 1,500 sq. ft. for weddings and conferences. Each floor features a different design, theme and style.
About Americas Best Franchising
Americas Best Franchising operates more than 250 hotels primarily in the United States, but also in China, Canada, India, Nigeria and Belize. The company has five brands — America’s Best Inn and Suites, Budgetel Inn and Suites, Country Hearth Inn and Suites, Parkside Hotels and Resorts, and 3 Palms Hotels and Resorts.
For more information on Americas Best Franchising, see the www.abestfranchise.com. For more information on the new hotel, including photographs, visit the www.meisenhotel.com