Date
17 December 2017

8 Inn goes 4-star at landmark Dongguan hotel, paper says

Dongguan’s biggest budget hotel chain, 8 Inn, will take over a lease for more than 180 guest rooms at the four-star Golden Palace Hotel, New Express Daily reported Wednesday, citing a company statement. The Golden Palace, once a symbol of the Guangdong city, was forced to shut its doors last year amid a downturn in the export trade. The entire property was leased to Hon Hai Precision Industry Co., Ltd., for 15 years for 5 million yuan (US$805,789) per year, and now 8 Inn has agreed to sublease the guest rooms from Hon Hai, the report said.

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MY/AC/SK

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