Singapore-based venture and private equity firm Asia Pacific Investment House (APIH) has completed raising US$25 million for a resort project in China’s Guangdong province, according to a company announcement.
The HMB Avication project, with a total funding target of US$50 million, will be China’s first large scale helicopter based ultra-luxury resort. The company has formed a strategic alliance with a helicopter manufacturer to give its customers helicopter services to commute to the resort.
The 263-acre eco-friendly project is located in Fogang County in Guangdong province, featuring ultra-luxury villas, a five star hotel, a golf course, natural lakes, exclusive hot springs and mountain peak water park.
"On completion, we hope to replicate this project model in other cities offering yet further investment benefit returns," says Wang Shengjun, executive chairman HMB Avication.