Topic: cross-border investment
Once a serial buyer, Dalian Wanda Group is continuing to seek out buyers of many of its holdings.
China has formally implemented measures to limit and restrict what it calls extensive overseas investments made by domestic groups.
While a report that China is cracking down on outbound capital investment has been disputed, there is no doubt that Chinese investment in overseas assets is being scrutinized.
Chinese investments in the EU rose 77 percent to over €35 billion in 2016.
Chinese cross-border purchases dropped 67 percent during the first four months of this year, as tighter controls from Beijing made it tougher for investors to deploy capital.
The hotel was reportedly acquired for USD$1 million per room.
A look at the top-10 cross-border-equity-capital providers in the hospitality real estate industry.
New supply is here and it's going to cause appreciable pain for the hospitality industry.
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.