Image: The hotel will sit next to Xiang Jiadang Lake

Interstate Hotels and Resorts has announced that its Chinese joint venture - Interstate China - has secured an agreement to operate the Jiaxing Jin Jiang Xiang Jiadang Lake Hotel.

The new 396-bedroom hotel is due to launch in 2013 and will be the third Jin Jiang-branded managed by Interstate China - launched in 2010 in partnership with Jin Jiang Hotels.

Located in northeast part of Jiaxing in Zhejiang Province, the property will be developed in a resort setting next to Xiang Jiadang Lake and will include a spa and a fitness centre.

A swimming pool, a cigar bar and extensive meeting space will also feature at the hotel, while a series of individual two-story villas will be built in order to receive visiting dignitaries.

Interstate Hotels and Resorts CEO Jim Abrahamson said: "Since launching Interstate China in 2010 with Jin Jiang Hotels, we have built a solid pipeline of management agreements.

"This latest addition to our growing portfolio demonstrates the benefit that a world-class, proven hotel management company led by experienced operators can offer to hotel owners and developers around the world."

Interstate China currently operates properties in Beijing, Wuhan and Shanghai. It will also be operating J Hotel at Shanghai Tower - one of China's tallest hotels - once open in 2015.

Click here for more information about Interstate China's latest management agreement.