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Firms Form China Hotel Management JV

HONG KONG-Locally headquartered Bestride Holding Ltd. and Dellisart Lodging of Alpharetta, GA form Dellisart American Hotels & Resorts Ltd. to manage four- and five-star hotels in China. The joint venture starts with two properties in hand and a goal of 60.

By Brian K. Miller | Updated on October 05, 2005

HONG KONG-Locally based Bestride Holding Ltd. has formed a joint venture with Dellisart Lodging of Alpharetta, GA for the management of four- and five-star hotels in China. The JV, Dellisart American Hotels & Resorts Ltd., has two management contracts under its belt and hopes of accumulating another 58 by 2010.

Dellisart Lodging is a hotel owner, manager and developer that currently owns and manages two operating Staybridge Suites in the Chicago suburban market and is developing four additional properties aggregating 508 guest rooms and suites in five states. No information was available Wednesday on Bestride Holding Ltd., but the company developed and owns both of the hotels the JV initially will manage.

The two hotels Dellisart American Hotels & Resorts initially will manage are the 33-story, five-star Bestride Hotel in Changsha, the capital of Hunan, and the Gateway Club in the recently opened Gateway Plaza mixed-use development in Beijing.

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