Topic: Chinese Investment
Considered a company milestone, the Radisson Blu Hotel, Frankfurt is the first property to be co-branded by Radisson Hotel Group and Jin Jiang International.
China's HNA Group has dropped out of any backlisted investment agreements following the Beijing crackdown.
Cindat Capital Management and Aprirose are in talks to acquire 50-percent stakes in the QHotels Group portfolio, worth more than $660 million.
Magna Hospitality Group just made a $23-million profit on a hotel it acquired five years ago.
China has formally implemented measures to limit and restrict what it calls extensive overseas investments made by domestic groups.
Chinese investments in the EU rose 77 percent to over €35 billion in 2016.
While Chinese investment in Australian hospitality ventures has been on the rise, the good times may be on the decline.
China hit a record $33-billion in overseas commercial and residential property investment in 2016, an increase of nearly 53 percent year-on-year.
The new JV, Banyan Tree China, will consolidate the ownership of the Banyan Tree-branded hotels and assets in China.
Looking to cash in on the growth of Asian visitors in Australia, Chinese investors are planning major casino projects.