Pengxin steps up investment footprint with hotel investment

The acquisition of Kawarau Village  – including five star Hilton Hotel and 4.5 star Kawarau Hotel is Pengxin’s first investment in NZ tourism.

After months preparation, Kawarau Hotel is rebranded as Double Tree Hotel, which is sub brand of Hilton Group. Near 100 people gathered to celebrate the opening of the first Double Tree In New Zealand.

Zhaobai Jiang,chairman of Shanghai Penxin Group and his guests were welcomed by Maori performances, the Mayor of Queenstown, senior officials of Tourism NZ and local business leaders.

Tourism is one of the fast growling sectors in New Zealand. China replaced Australia as the biggest source of international tourists this year. Queenstown is well positioned to catch the biggest opportunity. Hundreds of Chinese came to New Zealand in the Gold Rush and made a good contribution to the local economy. Today hundreds thousands of Chinese will be attracted to Queenstown again by the nature, the beauty and wonderful culture and bringing  businesses opportunities to make Queenstown better and better. “We are pleased to be one of the pioneers at this time,” said the chairman.

The hotel is an important part of Pengxin’s business. Pengxin has 6 five star hotels in China and another two are under construction. It sa confident in New Zealand tourism industry, and willing to partner with NewZealand companies to find and create more opportunities.