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Hilton Worldwide : 04.30.21Hilton Announces Multiple Luxury Signings in China


SHANGHAI, China and MCLEAN, Va. - Leading global hospitality company Hilton (NYSE: HLT) and Shimao Group Holdings Ltd. (Shimao) today announced the signing of a landmark agreement to launch four luxury hotels in China: Waldorf Astoria Shenzhen, Conrad Shanghai, Conrad Wuhan and Conrad Zhuhai. When they open, the hotels will mark the entry of Hilton s iconic luxury brands, Waldorf Astoria and Conrad, in the four cities, while Conrad Shanghai takes the spotlight as the largest Conrad hotel in Asia to open, with more than 700 rooms.
The multi-deal signing signals optimism from both companies on the luxury tourism outlook in China and a commitment to extending their partnership which celebrates its 10th anniversary this year. Since the signing of their first hotel in 2011, the partnership has seen Hilton and Shimao Group work together to launch nine commercially successful hotels, including Hilton Wuhan Riverside and Hilton Yantai, with another Hilton hotel due to ....

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China's Wanda raising $3 bln ahead of HK IPO for property management unit -sources


April 21, 20214:28 AM UTC
ChinaChina s Wanda raising $3 bln ahead of HK IPO for property management unit -sources
Kane WuJulie Zhu
3 minutes read
Chinese conglomerate Dalian Wanda Group aims to raise 20 billion yuan ($3.08 billion) for its commercial property management business, before listing the unit in Hong Kong by year-end, two people with direct knowledge of the matter told Reuters.
Wanda is targeting primarily private equity investors for Wanda Light Asset Commercial Management Co, aiming for a valuation of 200 billion yuan, said the people.
Several prospective investors tapped by Wanda and its financial advisors, however, have found that valuation too high , one of the people said. ....

Hong Kong , Wang Jianlin , Thomson Reuters Trust Principles , Wanda Commercial Management Group , Wanda Light Asset Commercial Management Co , Dalian Wanda Group , Sunac China Holdings Ltd , Shimao Group Holdings Ltd , China Evergrande Group , Wanda Group , Evergrande Property Services Group Ltd , Evergrande Group , Thomson Reuters Trust , ஹாங் காங் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , வாஂட வணிகரீதியானது மேலாண்மை குழு , டேலியன் வாஂட குழு , ஷீமபோ குழு ஹோல்டிங்ஸ் லிமிடெட் , வாஂட குழு , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,