Some of the biggest investments from China in US hotels
HNA Group becomes the latest company from China to make a major investment in U.S. hotels. The stability of the U.S. real estate market and hotel owners ready to sell in a hot market has led to a string of eye-popping price tags.
Here are some notable hotel sales, and one attempted sale, involving Chinese companies recently:
October 2016
Property: Hilton Worldwide Holdings Inc.
Price: $6.5 billion for a 25 percent stake
Buyer: HNA Group, a conglomerate
October 2016
Property: Assorted hotels
Price $2 billion
Buyer: China Life Insurance Co.
March 2016
Property: Starwood Hotels
Price: $15 billion. This deal fell through, with Marriott the eventual buyer for $14.4 billion.
Buyer: Anbang Insurance Group
February 2015
Property: Waldorf Astoria in New York
Price: $1.95 billion
Buyer: Anbang Insurance Group
February 2015
Property: Baccarat Hotel in Manhattan.
Price: More than $200 million
Buyer: Sunshine Insurance Group Co.