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Kai Yuan to Buy Paris Marriott Hotel for $468 Million
Kai Yuan Holdings Ltd., an investor in Chinese steelmakers and real estate, said it agreed to buy the Paris Marriott Hotel Champs-Elysees for 344.5 million euros ($468 million).
Kai Yuan Pays $466M For Central Paris Marriott Hotel  Law360 (subscription)
Hong Kong firm to buy Marriott Champs-Elysees hotel in Paris for $469 mln  Reuters
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Paris's 5-Star World Expands as Hoteliers Vie for Nouveau Riche
The Peninsula Paris is not the only Hong-Kong-based chain to find a foothold in Paris. In 2010, Shangri-La Asia Ltd. opened a hotel in Paris, followed by Mandarin Oriental International Ltd.
Top hoteliers in Paris vie for the nouveau riche  The Malay Mail Online
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New Paris hotel joins race to pamper the super rich
PARIS, July 31 After four years of refurbishment work costing 430 million euros, the Peninsula Paris hotel opens its doors on Friday, promising prince-like treatment to well-heeled visitors to the French capital.
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China Markets Live - Shanghai, Shenzhen and Hong Kong finish in the green
Yanchang Petroleum, National United Resources (NUR) Holdings and Kai Yuan Holdings all expect to turn last year's profit into loss, while Courage Marine Group says its losses will increase.
Sun Hung Kai Properties offering loans worth 120pc of flat value to boost ...
Sun Hung Kai Properties (SHKP) surprised the market on Wednesday by offering an unprecedented home loan worth as much as 120 per cent of the flat value without the need to submit income proof in order to woo buyers for its new project in Yuen Long.
'Irresponsible' loss steels China's 3m springboard diving king Qin Kai in ...
China's Qin Kai, who almost quit diving after the 2012 Olympic Games in London, has promised not to be “irresponsible” again as he seeks to become the first man to win three gold medals in the synchronised 3m springboard event - each time with a ...
Double Whammy Slams Hong Kong Developers
Hong Kong developer stocks have gone from being the top performers to the worst, slammed by home price curbs and the expectation of rate hikes following Donald Trump's win in the U.S.
Billionaire Li Ka-shing absent from Hutchison annual general meeting owing to ...
Billionaire Li Ka-shing, 87, was absent from the annual general meeting of his flagship companies CK Hutchison Holdings and Cheung Kong Property on Friday because of an illness.
Beijing launches 200b yuan venture capital fund to foster SOE reform and spur ...
Among the paid-in 100 billion yuan, China Reform Holdings contributed 34 billion yuan, the company said. China Postal Savings Bank, a state lender, contributed 30 billion yuan while state-owned China Construction Bank contributed 20 billion yuan.
Developer's profits hit by weaker prices and yuan
"In this [downward] cycle, developers are a lot more prepared," said Standard and Poor's analyst Esther Liu, adding that most Hong Kong developers including Sun Hung Kai Properties and Cheung Kong Property Holdings have "enough buffer" that can ...