Sino Express Secures 50 Acres for Resort

HUNAN, CHINA-Aiming to capture cross-border tourism and a growing taste for leisure activities within China, Sino Express Travel Ltd. has secured 50 acres of prime development land on which it plans to create a multi-faceted resort community. The cost of the land and the initial phase of the resort is estimated at $15 million.

Sino Express officials say the firm plans to build out the new resort through the end of the decade, during which time public infrastructure connecting the site to a nearby commercial district will be enhanced by the local government. Among the perceived lures of the property is its proximity near the popular Lake Dongting vacation enclave. Villas will be constructed as part of the first of three phases of development, with the second stage focused on addition of a sports complex and recreational facilities. A hotel and residential tower are to be the key elements of the final phase. Sino Express has not branded the resort or estimated the room count for the villas and hotel, but officials say a final design will be unveiled over the near term.