Inside sources from the first five star hotel in Qingdao, HaiTian Hotel, said that in July 2010 the hotel will be demolished to make way for version 2.0,  which will have new everything.
Qingdao currently has 7 five star hotels, with Le Meridien being the latest and a Four Seasons on the way.
Four Seasons, a Canadian-based international luxury hotel management company,  that does not own any of its properties; it operates them on behalf of real estate owners and developers.
The contracts between Four Seasons and property owners typically permits the company …