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China’s Ministry of Commerce has recently relaxed restrictions on overseas investment, so many Chinese investor are interested in acquiring overseas quality hotel. China's Ministry of Commerce has recently relaxed restrictions on overseas investment. This will increase Chinese investors’ demand for opportunities to invest high-end hotel. Thanks to Chinese travelers’ desire for traveling all over the world, Hotels in London, Paris, New York, Los Angeles, San Francisco, Vancouver, Sydney and other major cities around the world have become the focus points for Chinese investors. Recently, Paris Marriott Hotel Champs-Elysees was acquired by the Kai Yuan Holdings Limited in Hong Kong. The total value of the transaction is 467.27 million US dollars. China’s Anbang Insurance Group Co. bought New York City’s landmark Waldorf Astoriahotel for $1.95 billion.(Translation by Ella) |
