Chinese investments in U.S. hotels have increased by the billions in only a year. Deals have ranged from the sale of individual hotels, like Waramaug LS Hotels’ purchase of the SpringHill Suites by Marriot Newark Liberty International Airport hotel, to massive deals, like Anbang Insurance Group’s US$5.5 billion acquisition of Strategic Hotels and Resorts. Even iconic American hotel brand Hilton Worldwide Holdings is now 25% owned by Chinese conglomerate HNA Group.
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Article by: Catherine Morgen
Featured in the September 15, 2017 edition of HOTELS