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- Title
Hotel Bidding Could See Largest Takeover of a US Company by Chinese Counterpart.
- Authors
Shuang Shan
- Abstract
The article offers information on the sale of Starwood Hotel and Resort Worldwide Inc. in China. It states that the companies which are interested in buying Starwood Hotel and Resort Worldwide Inc. include Shanghai Jin Jiang International Hotels (Group) Co. Ltd, HNA Group Co., and China Investment Corp. (CIC). Interested companies have submitted their proposal to Beijing, China, amongst which the winning bidder will be chosen before the end of the year 2015. According to a report, the Committee on Foreign Investment in the U.S. will be approving the Chinese acquisition of Starwood Hotel and Resort Worldwide Inc. if a bidder suiceeds in Beijing, China.
- Subjects
CHINA; UNITED States; BEIJING (China); STARWOOD Hotels &; Resorts Worldwide Inc.; SHANGHAI Jin Jiang Capital Co. Ltd.; HNA Group Co. Ltd.; CHINA Investment Corp.; MERGERS &; acquisitions; HOTELS; HOTEL sales &; prices
- Publication
China Business Review, 2015, p1
- ISSN
0163-7169
- Publication type
Article