Chinese investors make a power play for hospitality assets | hotelmanagement.net
China's government is easing the restrictions it had placed on companies to invest in foreign assets and that means this: global hotels, particularly those in the upper-tier segments, in gateway markets, will more and more have Chinese owners. The scenario has already played out, when in October, China’s Anbang Insurance Group agreed to acquire the Waldorf Astoria in New York from Hilton Worldwide for $1.95 billion, a record for a single hotel transaction in the U.S.
