2011 / Investment company from China purchases two major hotels in Los Angeles for $150 millions
January 5, 2011, Los Angeles – Shenzhen New World Co., Ltd. , one of China’s most influential developer announced the purchase of the landmark Sheraton Universal Hotel (451-room) for $60 million on January 5 at the acquisition ceremony in the hotel, Universal City near Los Angeles. This is Shenzhen’s second Los Angeles hotel acquisition in […]