Haitang Bay, China (June 22, 2007) /China Newswire/ — Beijing based Antaeus Group, with solid financial strengths and a major player in the hospitality development of Yalong Bay and owner of the award winning Yalong Bay Mangrove Tree Resort and known for his unique design features, commented on the successful bidding on June 22, 2007 of the new prime development area in Haitang Bay on Hainan Island, PR China.

The Antaeus Group was among 21 companies who attended the bidding process; the prestigious land was divided among 7 parties-Antaeus Group was one of them. The size of the new project has a value of around 0.4 billion Chinese Yuan. With this successful bidding, Antaeus Group will be a main contender for new and upcoming projects within the Peoples Republic of China.

The proposed 7 star deluxe hotel project will be build on a ground with a size of total 86.2 thousand square meter and consist of 380 deluxe suites. The new project will have a harmony between shapes, spaces, colors, textures and architectural elements-which combined gives the result of a new defined balance between comfort and vanguard design, between technology and personal touch. The building is composed of separate towers and buildings. The hotel will be supposed to be open by the year 2011. An estimated investment of 1.68 Billion Yuan is projected for finalizing the project.

Hainan Island, China’s second largest island is 30 kilometer of its southern coast. It has due to his location almost the same latitude as the southern end of Hawaii. Being located at the center of south east Asia and on the west Pacific Rim, Hainan Island is the most convenient gate from China to his southern neighbors.

Haitang Bay is located north-east from Sanya and is the key project of the Hainan Provincial government in their eleventh 5th year plan. The government and the developer will make careful use of this green islet.

The size of Haitang Bay is estimated 98.7 square kilometer. 

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• Joy Xu / Assistant PR Manager
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