Cash-rich Chinese investors expected to hoover up billions of pounds worth of hotel assets this year | thisismoney.co.uk

Sales of US hotels to the Chinese have soared since 2009 as they mop up trophy assets in primary destinations. One of the most recent transactions was China’s Anbang Insurance Group’s purchase last October of the prestigious Waldorf Astoria in New York for £1.31bn, which set a new record for a single hotel deal in the US. It followed a loosening of controls on outbound investment by China’s Ministry of Commerce. Deals above £67.