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China's Wanda Eyes U.S. Hotel Deals

From Reuters
China's Wanda Eyes U.S. Hotel Deals
Dalian Wanda Group, the world's biggest owner of movie theaters, is in talks with leading Hollywood studios to co-produce films and is looking to buy and build hotels in major U.S. cities as the Chinese firm eyes a $10 billion 'soft power' spending spree.

The privately-owned group's founder and chairman Wang Jianlin, 58 and ranked as China's third-richest man by Forbes, told Reuters on Monday he was talking to "well-known" hotel brands in the United States for possible acquisitions, though he declined to name names. Click here for the full story.

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