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Park Avenue Hospitality Grows Portfolio with Expansion in Yancheng

September 1st, 2021

Park Avenue Hospitality has expanded its global footprint in mainland China with an asset light strategy under two signed agreements on 1 September 2021 in Yancheng, which includes the country's first Grand ParcVue Hotel Residence in China.


Opening under a management contract with Yancheng Shuangcheng Property Development, the 194-room Grand ParcVue Hotel Residence Yancheng will be a luxury internationally branded hotel in the southern business district. Set to welcome its first guests in early 2024, it is conveniently accessible to the transportation hubs, including high-speed rail and an international airport.


The group has further strengthened its position with a management contract with Yancheng Cultural Tourism Investment Development Company Limited. The upcoming boutique hotel, Yancheng Huatong, has 49 exquisite guestrooms and will be located in a historical building in Yancheng's Tinghu District. The opening date for the boutique hotel has yet to be finalised.

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