Yangjiang to encourage the development of five-star hotels
Source:Internet Author:Anonymous Tags:
Yangjiang hotel
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| Article Guide:According to a document published by Yangjiang Municipal Government it will encourage and reward investment in five-star and higher hotels with the aim of attracting the development of high-star rated hotels in Yangjiang, Guangdong province. |
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The government will make a grant of CNY5 million for international brand five-star hotels that are already opened. For five-star hotels that are built and put into operation between January 1, 2010 and December 31, 2015, the government will give preferential treatment in land-transfer fees to those with a total investment of over CNY300 million and more than 250 rooms.
To encourage further development the government will also rebate 50% of the local retention for business tax and corporate income tax that hotels had paid in the first three years.
In addition the local government will also give preferential treatment to five-star hotels with regard to 37 classes of fees.
