Suning Real Estate
Suning Real Estate is a Chinese real estate company. It was privately held by the founder of Suning Commerce Group, Zhang Jindong, for 65% stake.
Suning Plaza, Zhenjiang and Nanjing Olympic Suning Tower were under construction by the company. Suning Plaza, Wuxi was completed in 2014. Some properties of Suning Real Estate were leased back to Suning Commerce Group.
In 2010 Hyatt signed an agreement with Suning Real Estate, for management of three hotels: Park Hyatt Nanjing, Hyatt Regency Wuxi and Hyatt Regency Xuzhou. In 2011, Hyatt Regency Zhenjiang in Suning Plaza, Zhenjiang was added. It was announced that Grand Hyatt Nanjing would be opened in Suning Ruicheng.
Suning Real Estate also signed an agreement with French hotel group Sofitel for several hotels, such as Sofitel Nanjing Galaxy Suning, Sofitel Nanjing Zhongshan Golf Suning and Sofitel Lianyungang Suning.
