According to a report in etravelblackboard, Club Med will cover the cost of aligning the resort for a maximum investment of USD 3 million and will operate and market the resort through a ten-year renewable management contract. MCR will manage all ski-related activities at Yabuli, which is currently the country's largest ski resort. Club Med said it planned to strengthen its presence in upscale resorts with plans to open five resorts between 2010 and 2014.
SOURCE | http://www.hospitalitybizindia.com/detailNews.aspx?aid=7565&sid=1