Hangzhou Kaiyuan Property Group Co., Ltd.

Hangzhou Kaiyuan Property Group Co., Ltd., formerly known as Hangzhou Kaiyuan Real Estate Group Co., Ltd., is affiliated with New Century Tourism Group, one of China's largest private hotel groups. It is a comprehensive group enterprise integrating real estate investment and development, decoration engineering, and property services, and holds three national first-class qualifications in urban comprehensive development, decoration engineering, and property services. In 1998, the company's predecessor, Hangzhou Kaiyuan Real Estate Development Co., Ltd., was established. With the company's continuous development, it was renamed Hangzhou Kaiyuan Real Estate Group Co., Ltd. in 2004. At present, the company owns and manages more than 30 enterprises in Shanghai, Hangzhou, Ningbo, Taizhou, Haikou, Kaifeng, Xuzhou and other places, with total assets of approximately RMB 11 billion and more than 2,000 employees. Since its establishment, Kaiyuan Property has consistently adhered to the real estate management philosophy of "high starting point, high quality, high standards." The company has fully introduced and passed the ISO9001:2008 international quality management certification system. Upholding the corporate spirit of New Century Tourism Group—"unity and dedication, respect for guests and trustworthiness, pragmatism and efficiency, innovation and development"—it creatively proposed the real estate development concept of "star-rated service, star-rated properties," achieving remarkable development results. In 2001, following the company's premium project—the 250,000-square-meter five-star hotel-style community Kaiyuan Mingdu complex project—it successively developed multiple tourism complexes including Qiandao Lake Kaiyuan Resort, Songjiang Kaiyuan Xindu, Kaifeng Kaiyuan Mingdu, and Ningbo Jiulong Lakeside, with a cumulative development area of approximately 6 million square meters and existing planned land reserve of 4 million square meters. It also owns approximately 700,000 square meters of five-star hotels and commercial properties, including Hangzhou Qiandao Lake Kaiyuan Resort, Hangzhou Kaiyuan Mingdu Hotel, Shanghai Songjiang Kaiyuan Mingdu Hotel, Kaifeng Kaiyuan Mingdu Hotel, Xuzhou Kaiyuan Mingdu Hotel, Ningbo Jiulong Lake Kaiyuan Resort, Shanghai Songjiang Kaiyuan Mediterranean Commercial Plaza, Hangzhou Kaiyuan California Sunshine Commercial Plaza, and Deqing Kaiyuan Hangzhou Back Street. Its comprehensive strength ranks among the forefront of real estate development enterprises in Zhejiang Province. Based on urban operations and committed to improving the living environment, the company draws on the brand and team advantages of New Century Tourism Group's more than 20 years of hotel management experience. From the perspective of overall regional development, it is dedicated to tourism real estate and commercial composite real estate development, and has distilled the "residential + commercial + hotel + tourism" composite linkage development model, achieving multi-wheel drive across the real estate, hotel, and tourism industries, setting itself apart in the industry. It has successively been awarded "Hangzhou Top Ten Brand Real Estate," "China (Hangzhou) Top Ten City Operators," and "China Top Ten Tourism Real Estate Enterprises," and since 2004 has been continuously selected for the "China Real Estate Enterprises Top 100," ranking 62nd in the 2013 China Real Estate Top 100 and maintaining its position in the "China Real Estate Hotel Tourism Real Estate Professional Leading Brands TOP 10." At the end of 2018, Hangzhou Kaiyuan Real Estate Group Co., Ltd. was officially renamed Hangzhou Kaiyuan Property Group Co., Ltd. In 2018, on the basis of its original business segments, the group newly established the Cultural Tourism Business Division, Construction Management Business Division, and Long-term Rental Service Business Division, making its business scope more diversified and enriched, and, on the basis of combining the resource advantages of New Century Tourism Group, focusing more on the exploration and development of the asset-light management model.