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Wanda to boost number of luxury hotels worldwide

11/26/2014| 12:30:36 PM| 中文

Wanda Group plans to have over 150 luxury hotels worldwide by the end of 2018.

Wanda Group plans to have over 150 luxury hotels worldwide by the end of 2018, Xinhua News Agency reported on November 23.

Dalian Wanda Group subsidiary Wanda Commercial Properties plans to make an IPO in the Hong Kong Stock Exchange this year, expecting to raise US$6 billion.

Wanda Group told Xinhua that the target overseas market for their new hotels include Europe, the USA, and Australia.(Translation by David) 

TAGS: Wanda Group | hotel | investment
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