Author of www.HotelLawBlog.com
6 December 2006
Hospitality Lawyer: China. I had no sooner posted my last entry on our expert panel’s views for Outlook 2007 as it relates to international markets when I read an update as of December 6, 2007 that Barry Sternlicht and Starwood capital have increased their bet on China! And of course, this comes after a huge investment in India as we discussed in “.”Hospitality Lawyer: Sternlicht and Starwood Capital to put $500 million in India for Crillon, ‘1’ Hotels and Residences and budget hotel chain, Campanile
Tom Corcoran, CEO of FelCor, nailed it when he said in today’s posting, “When you talk about hot markets, you’d have to say, China, China, China… and India.”
Here are the details on the Sternlicht/Starwood investment in China.