City Development's stock price rose 0.97% to 5.19 yuan at the close of the market.
City Development issued a statement on Monday (June 30) to announce the above news. The signing ceremony was held at the Chelsea Harbour Hotel & Spa, marking the formal establishment of a cooperative relationship between the two parties.
In addition, the two parties will also participate in important industry exhibitions and roadshows, and use each other's market influence and resources to further expand the corporate customers and leisure tourism market.
Urban development subsidiary Millennium Hotels and Resorts and Maritim Hotels, Germany, announced a strategic partnership in which members of both parties can enjoy exclusive treatments at each other's hotels.
Millennium International Hotel Group Chairman Guo Lingming said: "Cooperation with Maritim Hotel is our strategic move to expand the German and even the EU markets. This cooperation will not only enhance the tourism experience, but also strengthen our common vision of crossing national borders and providing high-quality hotel services."
Members of Maritim Hotel can enjoy high-quality accommodation at Millennium International Hotels in Singapore, London, New York, Dubai, Phuket, Penang and other places.
Members of Millennium International Hotel can enjoy the accommodation resources of Maritim Hotel in many key cities in Germany, including popular destinations such as Dresden, Munich, Frankfurt, and Berlin.
Under the agreement, members of Millennium International Hotel and Maritim Hotel’s “Loyalty Program” can enjoy exclusive room rate discounts and related benefits.