An interesting article was published by Reuters earlier this week about China’s Dalian Wanda Group and its leader, Wang Jialin, who Forbes has ranked as China’s third-richest man.
It appears Jianlin wants to make a big play to acquire a major U.S.-based hotel brand/manager. Who might it be? With his financial might, the possibilities could be endless, and his quotes make for interesting speculation.
The world’s biggest owner of movie theaters, Jianlin says Dalian Wanda Group is also negotiating with some major U.S. city governments to construct commercial property, including hotels.
The story also points to the growing influence Chinese investors could have on American icons. But it also seems Jianlin is more interested in pure investment than operational control.
Is the U.S. hotel industry in for some interesting ownership changes?