Keyword: Sunshine Insurance
Mark Gordon has teamed up with Duetsche Bank's Joe Vassallo for his new hotel-focused fund.
Capital outflow from China into the hotel industry was a white-hot storyline subsequent to Anbang's $1.95-billion buy of the Waldorf Astoria.
The industry is reacting to a number of changes in the marketplace, including the downward spiral of CMBSes and the influence of capital from Asia.
Chinese investment into U.S. hotels has been hardy. But what does their buying behavior tell us?