同庆楼：始终密切关注基础设施REITs政策为酒店行业带来的发展机遇

Core Viewpoint - The company is actively exploring opportunities in the hotel industry brought by infrastructure REITs policies and has initiated relevant strategies to enhance its asset management and operational efficiency [1] Group 1: Strategic Initiatives - The company plans to promote the REITs operation of existing heavy assets to unlock the value of quality assets [1] - The company is adopting a customized leasing property operation model for some projects of Fumao Hotel, effectively reducing heavy asset investment [1] - The company has signed a management project in Huzhou, successfully implementing its first light asset operation case [1] Group 2: Future Outlook - The company aims to accelerate project layout in the Yangtze River Delta and core cities through three models: heavy asset REITs, customized leasing, and entrusted management, further enhancing management efficiency [1]