Exploring Opportunities in Beijing

April 16, 2008

Barry Hong (CEO) and Jens Thraenhart (President) visit the historical Hutong district in Beijing (PRC) for the potential first project development of August Hotels & Properties. The Hutong district is the new prime real-estate in Beijing due to its proximity to the Forbidden City and the Central Business district, as well as its heritage protection by the Chinese government. The Hutong compound is a cultural relic characterized by low-rise courtyard homes with the tranquility in the midst of the bustling capital. Before the communist party took control in 1949, the city’s nobility once lived.