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Chinese firms are investing heavily in American hotels

Friday, October 28, 2016 10:13
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(Before It's News)

CHINESE tourists are an increasingly common sight in America’s cities, from New York to Honolulu. About 2m Chinese visit the country each year; that figure is expected to rise to over 3m by the end of the decade. But it is not just Chinese tourists who have been enjoying American hospitality; it’s Chinese investors, too.

This week HNA Group, a Chinese firm that began life as an aviation company, announced that it to buy a 25% stake in Hilton Worldwide Holdings. It will be the largest shareholder in the hotelier whose brands also include Embassy Suites, Hampton Inn and Conrad …. http://www.economist.com

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