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China Daily | Updated: 2014-04-01 07:25
Jiangsu conglomerate opens Spanish hotel in Mallorca
Jiangsu GPRO Group Co Ltd, a privately owned enterprise based in Jiangsu province, said on Monday it had opened a hotel in Spain. The company's operations include manufacturing, real estate and service industries. Investment in the hotel project is 50 million euros ($68.76 million), the largest for a Chinese company in Spain. The group purchased the 170-room, five-star hotel in Mallorca from Grupotel Hotels & Resorts.
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