The<p>three-star Grand Hotel and the Overground Adhesion and the 40 acres of commercial land it occupies were transferred at ultra-low prices for just $46 million.The Grand Hotel is a three-star standard, with an existing building area of approximately 8,000 square meters.The hotel is located in Wangtai Town, West Coast New Area of Qingdao, Wangtai Town is our top 100 economic heavy town and textile machinery industry center, connected to the International Economic Cooperation Zone and Qingdao Free Trade Zone Development Zone, the surrounding factories and very developed economy.Now Qingdao West Coast New Area planning objectives will build Wangtai Town into Wangtai University City, obstetrics research and innovation zone, teaching park, old and new kinetic conversion demonstration area, the hotel is in the center of the planning and construction of Wangtai Town, planning building area of 80,000 square meters, the prospects are very good, the appreciation potential is great.</p>