IHG and Wanda announce 23 year partnership in Qingdao
29-Sep-15, PR Newswire
International Hospitals Group (IHG) has signed a long term partnership with Wanda Group, China's largest commercial property company, to build, equip, commission and manage the new 200 bed IHG Qingdao International Hospital. This RMB1 bn (USD158 mn) development will start immediately.
%20PR%20Newswire.png "IHG and Wanda announce 23 year partnership in Qingdao (c) PR Newswire")
Image: PR Newswire
With IHG's support, Wanda Group will build, equip and commission a new 200 bed international standard hospital in Qingdao over the next three years. IHG will then take possession of the hospital in 2018 and manage it under its IHG Chinese brand 英慈. IHG will operate the hospital under a 20 year lease until 2038.
The IHG Qingdao International Hospital will be the first to be managed under IHG's own Chinese brand.