United Technologies' Otis Secures Hilton Contract In China
Zacks Investment Research | Aug 23, 2016 09:02PM ET
Otis Elevator – a unit of United Technologies Corp. (NYSE:UTX) , was recently awarded a contract to provide its Gen2 elevator services for a luxurious hotel in China. The new Curio – A Collection of Hilton hotel, under the flagship of the Hilton Worldwide Holdings Inc. (NYSE:HLT) , is built in Xiamen, southeast China.
Founded in 2014, Curio chain of hotels is supported by Hilton, but retain their individual branding. At present Curio has approximately 20 hotels spread across 4 countries which include the U.S., Jamaica, Argentina and Germany. To date, Otis has worked in various projects of the company. Such projects enhance the company’s goodwill and prove its reliability.
Per the deal, Otis will provide 24 Gen2 elevators which are integrated with the advanced ReGen technology and will ensure energy savings of approximately 75%. The elevators will be provided by Otis Elevators (China).
UTD TECHS CORP Price
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.