Le Journal

In Hangzhou, one office building now houses around 10 hotels, alongside restaurants, photography studios and second-hand luxury stores. In some Chinese cities, the practice of multiple hotel brands co-leasing separate floors within a single building has become more prevalent, fuelled by interest from both property owners and hotel operators. In Hangzhou, the capital of eastern China’s Zhejiang province, a building at West Lake-adjacent Yongjin Plaza now houses some 10 hotels. These include Home Inn and Home Inn Plus – part of the economy chain under Shanghai-headquartered BTG Hotel (Group) – as well as a mix of smaller, lesser-known hotel brands and hostels. They lease different floors alongside diverse businesses like restaurants, photography studios and second-hand luxury stores. Three of the hotels share a ground-floor reception area. “Hotel operators are seeking lower-cost, well-located space, and office landlords are looking to reduce vacancy,” said James Macdonald, head of research for China at Savills, a property consultancy. “This trend is most common in grade B office assets in good locations, especially slightly older buildings where leasing to traditional office tenants has become more challenging.”

Le quadruple champion olympique de Paris, encore 3e à mi-course, s’est imposé en 2 min 09 sec 72 dans le bassin où il s’entraîne sous les ordres de Bob Bowman.