DreamEast (593.HK) Tourist Resort Projects To Be Completed

HONG KONG – (ACN Newswire) – Prioritising the development of tourist resorts and entertainment as its core business, DreamEast Group Limited (“DreamEast” and together with its subsidiaries, the “Group,” stock code: 593.HK) announced that the Hengyang DreamEast Resort Experience Centre, one of the main buildings of the project, has completed and is opened to public. The Experience Centre, which has been created with ingenuity of DreamEast, is a modern design that incorporates elements of the Hunan style such as horse head walls and stone carvings, allowing visitors to view the entire project planning.

The Hengyang DreamEast Resort is situated in Hengyang City, Hunan Province, China. It is at the south of Mount Heng, facilitating the new tourism landscape dominated by “Mount Heng in the north and DreamEast in the south”. The resort is conveniently located and approximately 20 minutes of drive from the city center. By taking High-Speed Rail, it takes around 40 minutes to travel to Changsha by high-speed train and 2.5 hours to Shenzhen. The resort is to be developed into “Four Towns and Five Parks”. Comprising the cultural town, the science and technology town, the forest town and the agricultural town as the Four Towns, the resort will specially construct five theme parks, namely the DreamEast Adventure Park, Fantasy Waterpark, Valt the Wonder Deer Animal Kingdom, Agricultural Park and Modern Sports Park, making the Hengyang DreamEast Resort one of the most influential international tourism projects in central China.

At present, the professional trap shooting range in the Hengyang DreamEast Resort with a total land area of approximately 50,000 square meters has also been completed and accepted. The trap shooting athletes are already in training and the trap shooting match of the 13th Hunan Games will commerce in this shooting range.

In addition, Hengyang DreamEast Resort will build the first Hunan Cuisine Museum in the country, with the Sanxiang food culture genre as its core, showcasing the historical evolution and cultural origins of Hunan cuisine, including Wenchuang Snack Street, Zhan Wang Yan, long table banquet, etc., all using Zu’an cuisine as its core highlights, unfolding a splendid picture of Hunan culture. On 20 June, the Global Investment Promotion Conference was held in Hengyang. DreamEast Group, the Hunan Cuisine Industry Association and leaders from the food and beverage industry in Hunan and many well-known brands of food enterprises gathered together to witness the grand event of the Hunan restaurant industry.

The Experience Centre of Dream East Jiashan in Jiashan County, Jiaxing City, Zhejiang Province is also nearing completion. Phase 1 of DreamEast Jiashan is based on the theme of “city guesthouse”. It focuses on theme parks, children’s theaters, family-friendly hotels, specialty restaurants, etc. Creating a tourist destination that is popular among families in Greater Shanghai, the project is expected to be completed in 2019. Phase 2 of the project will build a water village that incorporates the millennia-old Wuyue culture. The group recently signed a cooperation agreement with Thomas Cook, the world’s oldest travel agency, and its branded high-end family hotel, the Sunwing Family Resorts will be in Dream East Jiashan Phase II, becoming the first privately owned hotel in China.

With the construction of its Hengyang DreamEast Resort, Dream East Jiashan, Dream East Suzhou and other resort projects, as well as the acquisition of Future World Aerospace Theme Park operation and DreamEast Galaxy, DreamEast Group’s cultural and entertainment business is greatly expanding. According to the management, the project strategy of DreamEast Group is located in the three core areas of Greater Beijing, Greater Shanghai and Greater Shenzhen. Due to the large scale, most projects will be constructed and operated in multiple phases, of which will be completed from 2019 to 2020 and is expected that these projects will bring considerable income to the Group. As projects develop, the cultural and entertainment business will enter the benign development stage of leasing, operation, ticket sales and development of its own IP, and build an ecological system centered on the cultural entertainment industry, eventually forming a huge cultural and entertainment complex.


Aug 14, 2018 18:25 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

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