MG Hotels  Ltd. (HK) intends to launch up to 6 hotel properties under the MG Hotels brand within its scheduled roll out strategy in 2008 and 2009. MG Hotels has created a brand that embodies our tagline, “HIGH TECH CHIC”, as a global solution to the business traveler of today looking to stay at a hotel with 5 star elements but at a VALUE price. Essentially “chic for less”. MG Hotels has set into motion a multi regional strategy covering Asia Pacific, the Middle East and EU regions. The initial focus will be in Asia and the Middle East where opportunities for asset based investments are timely and demand for this type of hospitality product is very high.