Articles Posted in Chinese Investment

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By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
6 February 2014

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®.

The attorneys in JMBM’s Chinese Investment Group™ help Chinese investors make investments in the United States – particularly those involving hotels and real estate. They also provide guidance on corporate structure, formation, tax issues, governance and regulatory compliance.

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By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
26 December 2013

The hotel lawyers of JMBM’s Global Hospitality Group® and Chinese Investment Group™ assisted Hazens Investment, LLC, in the company’s purchase of the 15-story, 802-room Sheraton Gateway LAX Hotel, located close to Los Angeles International Airport.

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, based in Shenzhen, China. Hazens Investment and the seller, an affiliate of Long Wharf Real Estate Partners, closed the deal on November 19, 2013
“With a great deal of experience in representing Chinese investors over the years, we have formed a special practice group to assist China-based clients in successfully closing transactions in the U.S.,” said Jim Butler, Chairman of JMBM’s Chinese Investment Group™ and Global Hospitality Group®.

“The acquisition of the Sheraton Gateway marks Shenzhen’s first U.S. based acquisition and there will be more,” explained Eudeen Y. Chang, a member of JMBM’s Chinese Investment Group®.

Greg Sun, Vice President of Hazens Investment, stated: “When we engaged U.S. counsel for the transaction, we not only sought out a law firm expert in the hospitality industry, which JMBM is known for, but also specifically a Mandarin speaking attorney like Chang, who could not only communicate in Mandarin directly with Shenzhen’s key personnel during the negotiations, but also understands the cultural differences of doing business in China and the U.S. and is able to bridge that gap.”

JMBM’s Chinese Investment Group® is a dedicated team of hotel, real estate and corporate lawyers that advise Chinese investors in making prudent and economically successful investments in hotels and real estate in the U.S.

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By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
29 August 2012

JMBM’s Chinese Investment Group™ has been very busy the past few years. Our team of lawyers represents the interests of Chinese investors who are purchasing or building hotels in the United States. We also represent hotel developers seeking to take advantage of the inbound foreign investment to capitalize their projects — whether through the EB-5 investment program or foreign direct investment.

In the EB-5 area alone, we have worked on more than 40 projects under the EB-5 investment visa program throughout the U.S., most of which are projects made possible with Chinese investment capital.

Here is a recap of some current events involving our Chinese Investment Group™ and Chinese investors.

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On June 21, 2002 Guy Maisnik will be a featured speaker at the 2nd Chinese Investment and EB-5 Finance Forum in Los Angeles.

This Conference is designed for everyone interested in taking advantage of foreign investment from China “inbound” for U.S. real estate. It features some of the most knowledgeable and respected experts in the country on this subject and will facilitate foreign investors and capital sources networking with U.S. real estate professionals, developers, and owners.

Guy Maisnik, an industry veteran with nearly 30 years of real estate and hospitality experience, will provide practical tips and insights from lessons learned in representing Chinese investors in the U.S. Maisnik says, “The more you understand the nature of your investors, their concerns and the issues, the greater your chances for success with your transactions.”

Maisnik is a vice chair and a senior member of JMBM’s Global Hospitality Group® and Chinese Investment Group, and is also a member of and is involved in more than 40 Chinese investments in the U.S. — EB-5 or otherwise. Maisnik notes that “Chinese investors are particularly interested in hotel and related hospitality investment as well as broader classes of real estate.”
For more information on Chinese investment and EB-5, please click here or go to: http://hotellaw.jmbm.com/eb5_financing.

For more information on the 2nd Chinese Investment and EB-5 Finance Forum, click here or go to :
http://www.attractasianinvestors.com/index.html.

Come join Guy at the Forum and take advantage of this opportunity.
Embassy Suites Los Angeles International Airport/North
9:00 am – 4:30 pm
June 21, 2012
Register Now

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By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
25 October 2011

On Friday, October 21, 2011 I did a Q&A interview with the National Real Estate Bisnow about Chinese investment in U.S. hotels. Here is the full Question & Answer exchange, a portion of which appeared in the Biznow article.

There’s been an explosion of Chinese investment in the US, especially real estate. And many people believe it will surpass the Japanese investment of the late ’80s (estimated to have exceeded $120B).

There’s been an explosion of Chinese investment in US real estate. Who’s investing and where, and how much investment do you expect in 2011?

The increasing wave of Chinese investment in the U.S. is being fueled by the Chinese government (generally acting through construction companies, banks and other intermediary companies) and an exploding class of wealthy Chinese. The top .05% wealthiest Chinese have investible funds of more than $2.7 trillion, and there is a rapidly growing class of billionaires and more than 800,000 millionaires. Plus there is a huge rising middle class looking to travel and enjoy life.

Of course, in addition to Mainland China there are the Chinese in Taiwan, and everywhere else such as Hong Kong, Singapore, and Indonesia.

A recent Merchants Bank report estimates that rich Chinese individuals — those with assets of more than 10 million yuan — have about 3.6 trillion yuan ($564 billion) invested overseas. No reliable numbers are available for total Chinese foreign investment or Chinese investment in the United States. The investors are largely staying under the radar to avoid publicity and possible adverse reactions, and there seems to be no means to track the investments and get an aggregate investment number.

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By Jim Butler and the Global Hospitality Group®
Hotel Lawyers | Authors of www.HotelLawBlog.com
4 August 2011

Hotel Investment: Why Asian investors are targeting U.S. hotels for purchase and investment, and what could it mean for you?

This week I was interviewed by several media sources to talk about the explosion of Asian investment – and particularly Chinese investment – in U.S. hotels and real estate. Nadja Brandt at Bloomberg News was kind enough to quote me in one of her articles on the subject, and Gigi Stone, Bloomberg TV anchor, had me in the Bloomberg TV studios for a brief interview and even briefer video clip! (Yes, Mom, it’s long enough that you can tell it’s me and she does say nice things about our Global Hospitality Group®). Bloomberg TV also made a point of highlighting JMBM’s Chinese Investment Group™ which was recently announced.

The Chinese Investment Group™ . . . provides a gateway for Chinese investment in the United States.

Nadja Brandt’s article (Asian Buyers Target U.S. Hotels as Affluence Increases Travel), discusses the just-completed iconic purchase by Hong Kong billionaire Cheng Yu-tung of 5 luxury hotel properties, including the Carlyle Hotel in Manhattan, and Rosewood properties including The Mansion on Turtle Creek and The Crescent in Dallas, The Inn of the Anasazi in Santa Fe, and Little Dix Bay in the British Virgin Islands.

The Cheng family also owns the Beverly Wilshire in Beverly Hills and once owned a stake in the Four Seasons Hotel in New York.

Bloomberg TV also made a point of highlighting JMBM’s Chinese Investment Group™

Bloomberg’s coverage of Chinese (and broader Asian) investment in the U.S. has really been top drawer, so if you are interested in this subject you will want to follow it. And if you want to go beyond the Bloomberg article, read on about why Asian investment is focused on US hotels.

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Click here for Simplified Chinese / 简体中文

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Formation of the Chinese Investment Group™

Jeffer Mangels Butler & Mitchell LLP (JMBM) has announced the formation of the JMBM Chinese Investment Group™ to provide legal and business advice for the specialized needs of Chinese investors and Chinese investment in the United States for hotel, real estate, EB-5 and other U.S. investments. We have a dedicated team with great experience for this kind of work.

Here is more information about how this development might help you. Click here to download a PDF of this announcement about the Chinese Investment Group™.

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This document is in Traditional Chinese
Click here for English / 英文版

Click here for Simplified Chinese / 简体中文

華人酒店和房地產投資法律顧問集團™是JMBM’s Global Hospitality Group®中一群致力於酒店及房地產律師所組成的專業律師團隊,專為華人在美投資提供入門諮詢。秉持累積自全球1,300 餘件、總值逾600億美元之酒店物業交易專業知識,以及關於一般房地產交易之深厚經驗,本集團提供法律及商務建議,輔導華人投資人進行明智成功的美國酒店及房地產投資。本集團及其可靠專業資源網路,協助華人投資人開發、分析、評估、確認、收購、融資與管理酒店及房地產投資機會。本集團不收取任何仲介費用、獎勵費用、佣金或任何推廣商之付款,並對華人投資者就所有酒店及房地產投資機會提供中立建議。本集團亦代表優質酒店、餐廳及其他房地產業主和開發商為外國投資人,特別是華人投資人,規劃EB-5簽證計畫之投資方案。
代表性客戶及酒店
JMBM長期為如麗晶酒店集團、迪士尼假期俱樂部、Hillwood開發(Ross Perot, Jr.)、米高梅幻象、川普集團及達拉斯市等知名客戶服務。JMBM之銀行客戶包括遠東國民銀行、華美銀行、匯豐銀行、德國北方銀行、瑞典銀行、加州聯合銀行及富國銀行。 JMBM客戶一包含全球眾多酒店開發商及業主,包括美國之W酒店及麗池卡爾登複合用途計畫之最大開發商及業主 。
二十餘年來,JMBM Global Hospitality Group®專致於服務酒店業主、投資者、開發商與借款人。持續與各大酒店品牌及副牌合作,從福朋和假日酒店到萬豪、希爾頓和喜萊登等六十餘家品牌,亦包括費爾蒙、麗池卡爾登、麗晶、 萬麗、洲際、四季及東方文華等高級酒店品牌。

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This document is in Simplified Chinese
Click here for English / 英文版

Click here for Traditional Chinese /繁體中文

华人酒店和房地产投资法律顾问集团™ 是JMBM’s Global Hospitality Group® 中一支致力于酒店和房地产项目的专业律师团队,专为华人在美国的投资提供门户。通过使用从超过600亿美元酒店交易中获得的专业知识(涉及全球范围内超过1300处物业),以及在一般房地产交易中积累的大量经验,集团向华人投资者提供法律和商业方面的建议,以帮助其做出在美国的谨慎且具有经济效益的酒店和房地产投资。集团及其可靠的专业资源网络帮助华人投资者识别、分析、评估、估价、获取、资助和管理酒店和房地产机遇。集团并不向任何开发方收取任何中间人费用、奖励费、佣金或付款,并且会向华人投资者提供关于酒店或房地产机遇方面的独立建议。集团也在外国投资者—-特别是华人投资者—-的结构性投资中(利用EB-5签证项目)代表我们所选择的酒店、饭店和其他房地产所有人和开发方。
代表性客户和酒店
JMBM与一些知名的客户具有很长的合作历史了,例如 Regent Hospitality Group、迪士尼度假俱乐部、Hillwood Development (Ross Perot, Jr.)、美高梅金殿梦幻、The Trump Organization和达拉斯之城。JMBM的银行客户包括远东国民银行、华美银行、汇丰银行、德国北方银行有限公司、瑞典银行、加利福尼亚联合银行和富国银行。JMBM也在全球范围内代表很多酒店开发商和业主,包括美国W Hotels and Ritz-Carlton混合使用项目的最大的开发商和业主。
在过去的20多年中,JMBM Global Hospitality Group®专注于服务酒店业主、投资方、开发方和贷方。他们定期与所有主要的酒店品牌及其分品牌合作,例如,从福朋和假日酒店到万豪国际、希尔顿和喜来登,总计超过60个品牌,其中不乏一些高端品牌,例如:费尔蒙、丽嘉、丽晶、万丽、洲际大酒店、四季和东方文华酒店。

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