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Investment from Chinese businesses and people in U.S. hospitality properties are expanding and are literally breaking new ground

() Beyond investments in existing U.S. hotels, Chinese investors have increasingly delved into the development of new hotels in the U.S. Real estate developers from China, historically tuned toward residential properties, have begun to branch out into hotel and mixed-use projects, as evidenced by recent developments in the greater Los Angeles market.

In the summer of 2013, Greenland Group of Shanghai purchased the 6.3-acre "Metropolis" site, just north of Staples Center in Downtown LA, for $ 150 million. Greenland Group’s planned mixed-use development project on the site will include a 350-room Hotel Indigo, InterContinental Hotels Group trademark "branded boutique." ……

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