"LANGHAM PLACE" LANDS IN CHANGCHUN
Langham Hotels International Announces New Management Contract for Langham Place Hotel, Changchun

(Hong Kong - 24 July, 2007) – Langham Hotels International (LHI) today announced the management contract signing of the Langham Place Hotel, Changchun in China. The management contract is signed with Changchun Jinzuo Real Estate Development Co. Ltd. for a new five-star hotel, which is scheduled to open in 2009 in downtown Changchun. This is LHI’s second new hotel announcement within the past 3 months after the Langham Place Hotel, Chaoyang, Beijing, reflecting the group’s accelerated expansion plan in China.

Langham Place Hotel, Changchun is located at the bustling commercial district of Changchun, a city of 7 million people and the capital city of Jilin Province in North East China. The Hotel is ideally located at the intersection of Changjiang Road and People's Street, the city's most prosperous precinct, and is a 5-minute walk away from the Changchun Railway Station. The Hotel forms a part of the Jinzuo Building - the tallest landmark building in Jilin Province - comprising the Langham Place Hotel, 5A-rated offices and an integrated shopping complex developed by Changchun Jinzuo Group.

The five-star 34-storey Hotel will be managed under the “Langham Place” brand, setting a new benchmark for stimulating hospitality in Changchun. Targeting upmarket travellers, the Hotel will provide 350 stylish bedrooms and suites plus 100 high quality serviced apartments. The Hotel will feature 3,000 sqm of multi-purpose function space, including a grand ballroom and function rooms of varying sizes as well as four creative food and beverage concepts, making it a perfect location for all corporate and social events. As a city spa hotel, Langham Place will pamper its guests by offering a magnificent Chuan Spa and Residences based on Traditional Chinese Medicine philosophy of a journey to wellness where guests can rediscover their source.

“Benefiting from the central government’s policies to revitalise North East China, which is the country’s traditional industrial base, the investment environment of Changchun is undergoing continuous improvement with increasing business potential. In particular, the boom in tourism and convention and exhibition industry in recent years has spurred a strong demand for quality hotels. The limited supply of five-star luxury hotels in Changchun further enhances the business prospect for Langham Place Hotel, Changchun,” said Dr. KS Lo, Chairman of Langham Hotels International.

"Emphasis on branding, quality and services are keys to business success nowadays. Innovative management practices are important tools for companies to win loyal customers. Langham Place’s unique modern brand identity, together with our revolutionary Total Quality Management (TQM), will change the face of Changchun’s hotel industry and provide our guests with unprecedented five-star hospitality experience," added Dr. KS Lo.

"We have full confidence in the exceptional hotel management expertise of Langham Hotels International. Through introduction of global business operation standards and with reference of the success of a world-class luxury hotel brand, Jinzuo group will join hands with Langham to create the best five-star international business hotel in Changchun, and at the same time to make Jinzuo Building the number one commercial centre in the city," said Mr. Long Shao Bin, President of Changchun Jinzuo Real Estate Development Co. Ltd.

Living up the Langham Place brand, the Hotel will introduce a refreshing and stimulating hospitality experience in an ambience of modern elegance surrounded by a gallery of contemporary art and latest technology offerings.

Background Note

Langham has a legendary hotel heritage dating back to 1865 when the Langham Hotel in London originally opened as Europe's first Grand Hotel. For 140 years, this flagship hotel has been at the forefront of sophisticated and gracious hospitality. Today, all Langham Hotels worldwide inherit the same philosophy that reflects elegance in design, innovation in hospitality, genuine service and captivation of the senses creating a truly unique hotel experience.

Langham Hotels International (LHI) features eight properties with over 2,700 rooms in six gateway cities across the four continents, namely, London, Boston, Hong Kong (3), Melbourne, Auckland and Toronto. In each city Langham Hotels is associated with the prestigious "The Leading Hotels of the World" group which represents some of the world's finest luxury hotels.

LHI is wholly owned by Great Eagle Holdings Limited, a publicly listed company (HKSE: 41) which was founded in 1963 and was listed on the Hong Kong Stock Exchange in 1972.

For information on Langham Hotels International, please visit www.langhamhotels.com.