Tuesday, June 17, 2014

Hong Kong steel firm pays $470 mn for 5-star Paris hotel

HONG KONG, June 17- A Hong Kong steel investment firm said it has agreed to pay almost $470 million for the five star Paris Marriott Hotel Champs-Elysees, as it targets Chinese tourists’ desire for luxury travel. Kai Yuan Holdings will pay EUR344.51 million ($467.27 million) for the seven floor, 100 year old hotel it said […]

Read more here Capital Business