JMBM's Chinese Investment Group™ announces successful acquisitions in the U.S. for Chinese clients, and promotion of Eudeen Chang to Vice Chairman of the Group
Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the successful closing of a number of hotel and real estate purchases by members of its Chinese Investment Group™, and the promotion of Eudeen Chang to Vice Chairman of the Group. Chang is a founding member of the Group as well as a senior member of the Firm's JMBM's internationally recognized Global Hospitality Group®.
Chinese investment in U.S. hotels - deals handled by JMBM's hotel lawyers
Just before the new year, Chang, working with a team of other JMBM lawyers, represented Hazens Investment, LLC in that company's $96 million purchase of the 802-room Sheraton Gateway Hotel. Hazens Investment is a subsidiary of Shenzhen Hazens Real Estate Group Co. Ltd., one of the top 100 largest construction and development companies in China. Chang's understanding of the Chinese business approach, culture, and language was a critical part of the deal's negotiation and success.
Other recent transactions by Chang, the Global Hospitality Group®, and the Chinese Investment Group™ include the acquisition of the 244-room Crowne Plaza Los Angeles Harbor Hotel, the 151-room Hampton Inn Newark-Airport, and the 349-room Wyndham Garden Hotel Newark Airport."We are working on several more high-profile property acquisitions for our Chinese clients right now," said Jim Butler, Chairman of the Firm's Chinese Investment Group™ and also of the Global Hospitality Group®. In announcing the new position being assumed by Chang, Butler said, "Eudeen's experience with China-based companies has been an invaluable asset to our practice as we work to ensure our clients make financially sound decisions in the U.S."
JMBM's Chinese Investment Group™ was formed in 2011 to respond to the dramatic increase in Chinese investment in the U.S., and the Group's lawyers have handled a significant number of transactions for Chinese investors since that time, including facilitating the purchase of the Sheraton Universal Hotel and representing investors in the purchase of worldwide rights to the Regent luxury hotel brand.
Commitment to serving Chinese investors in the U.S.
"Working with a group of lawyers who focus specifically on Chinese investment has allowed me to achieve the best possible results for my clients," said Chang. "I look forward to continued growth in the services and expertise we are able to offer."
About JMBM's Chinese Investment Group™
The lawyers comprising JMBM's Global Hospitality Group® and Chinese Investment Group™ assist Chinese investors with legal and business advice on their investments in the United States. They help Chinese investors identify, analyze, evaluate, validate, acquire, finance and manage hotel and real estate opportunities. This includes due diligence, purchase and sale structure and documentation, development and repositioning of U.S. real estate - particularly hotels, hotel mixed-use, multi-family and commercial real estate.
Chair, Global Hospitality Group