Kaisa Group joining forces with Marriott International

Keyu Hotel Management (Shenzhen) Co., Ltd, a subsidiary of Kaisa Group, has entered into a joint venture with world-class hotel operator Marriott International and a grand signing ceremony was held on 26 July 2010 at Kaisa Center. The partners were represented by Mr. Sun Yuenan, Group Vice Chairman and General Manager of Keyu Hotel Management, and his counterpart Mr. Lin Cong ( ), Vice President of Marriott International.

According to the agreement, the partners will develop on a joint venture basis [Keyu Jinshawan Marriott Hotel] ( ) as the first premier branded resort hotel in the eastern coastal area of Shenzhen. Overseeing Dapeng Bay with breathtaking views, the new hotel is scheduled to open for business in mid-2013 to offer 320 guest rooms, Chinese and western-style cuisines, entertainment centers, spas, banquet halls multi-functional meeting rooms and outdoor swimming pools with GFA exceeding 40,000 square meters. Dapeng Bay has been designated for development into a world-class ecological coastal tourism resort in accordance with the Shenzhen Tourism Development Agreement between the National Tourism Board and the Shenzhen Government, targeting medium- to high-end tourists from around the world. In the years ahead, tourism in Dapeng Bay is expected to embrace thriving development as never before.

Founded in 1927 and based in Washington D.C., USA, Marriott International is a forerunner in the global hotel industry which currently operates over 3200 hotels around the world offering more than 560,000 guest rooms. Marriott owns 18 renowned hotel brand names and generates close to USD20 billion in annual business revenue. The group is a constant leader in various hotel rankings conducted by industry magazines and the media.

The signing ceremony signifies full-scale cooperation between Kaisa Group and Marriott International. Keyu Jinshawan Marriott Hotel will be operated in accordance with world-advanced hotel management approaches to offer first-rate products and services. Keyu Jinshawan Marriott Hotel is set to become a distinguished player in the market, which will further strengthen the Company s position in the hotel industry.