The interest of Chinese real estate investors is increasingly developing in many of the American cities. And so the trendsetters are being followed!
Most of the high profile groups of Chinese patrons are now looking to expand their volume of global real-estate possessions in different cities of US such as Loss Angeles, Texas, London, New York city etc. In fact, Hilton Worldwide, a well reputable name in hotel industry has made a deal with the Chinese insurance company to sell its flagship hotel named Waldorf Astoria in exchange of $1.95 billion. This is the best price tag ever in the history of US hotels, said brokers. However, on the basis of per-room, the price is not that much high.
Chinese investors are intended to render themselves as the world’s leading investors in property, while there are other cities as well in which the potential investment would be expected. Even though, most of the investors have already made a significant investment over offices and hotel in local cities like Houston and Chicago in US, and Frankfurt and Madrid in Europe since past two years, referred to a latest report designed by property consultancy Cushman & Wakefield.
According to said James Shepherd, Cushman & Wakefield’s head of research for Greater China, Chinese investors are clearly not willing to hamper themselves over selective properties in specific locations but they are aiming to expand their investment all over the country by putting more attention to less expensive real estate but would have better potential.