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Radisson Hotel Chain Is Latest U.S. Giant to Be Snapped Up By Chinese
AP ^ | April 28, 2016 | Staff

Posted on 04/28/2016 5:55:40 AM PDT by C19fan

A unit of Chinese conglomerate HNA Group has agreed to buy Carlson Hotels, which owns brands including Radisson and Country Inns and Suites, the latest in a flurry of overseas investments by Chinese companies.

HNA Tourism Group will acquire all of Carlson Hotels Inc., the companies said in a joint statement released late Wednesday that did not disclose the purchase price.

(Excerpt) Read more at nbcnews.com ...


TOPICS: Business/Economy
KEYWORDS: carlsonhotels; china; chinainus; countryinns; hotelchain; hotels; investment; radisson; radissonhotels
Hopefully China is overpaying like the Japanese did during the 80s.
1 posted on 04/28/2016 5:55:40 AM PDT by C19fan
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To: C19fan

They’ve been buying bullion like it’s going out of style, so to speak; what else to do with all those dollars?

Everyone knows they’ll never be paid back. Turning greenbacks into hard assets was always inevitable.


2 posted on 04/28/2016 5:59:08 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: C19fan

Bridgestone finally made a profit on their Firestone investment 35 years after its purchase.


3 posted on 04/28/2016 5:59:34 AM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: C19fan

Totally expected. China is holding two trillion dollars that will soon be worthless. Have to use them now - or never.


4 posted on 04/28/2016 6:10:58 AM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: C19fan

Makes sense. Half an hour after you check-out you’ll want to check back in again.


5 posted on 04/28/2016 6:12:19 AM PDT by Buckeye McFrog
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To: C19fan

Oh, boy; another place to boycott! I’m gonna have to make a list as there are so many I can’t remember ‘em all!


6 posted on 04/28/2016 6:14:47 AM PDT by JimRed (Is it 1776 yet? TERM LIMITS, now and forever! Build the Wall, NOW!)
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To: C19fan; All

Remember there was a time when the Japanese, when their economy was booming & ours was in another rescission that they were buying up everything in sight & we had worries about that back then. Wait until the Chinese economy falls apart [just like every other one in time] it will have massive repercussions throughout out the world.


7 posted on 04/28/2016 6:16:28 AM PDT by TMSuchman
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To: C19fan

Bttt


8 posted on 04/28/2016 6:19:11 AM PDT by Dr. Scarpetta
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To: C19fan

I really couldn’t care less about them buying ventures like Hotel chains. Purchase of [non-consumer] technology companies worries me however.


9 posted on 04/28/2016 6:23:07 AM PDT by rbg81 (Truth is stranger than fiction)
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To: TMSuchman
Wait until the Chinese economy falls apart

Yes but they have a fallback: There's a lot of people in China!

10 posted on 04/28/2016 6:24:56 AM PDT by Buttons12 ( It Can't Happen Here -- Sinclair Lewis.)
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To: C19fan

Fortune cookies on your pillow at night instead of a chocolate mint?

No thank you.


11 posted on 04/28/2016 6:51:17 AM PDT by moovova
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To: TMSuchman

“Wait until the Chinese economy falls apart [just like every other one in time] it will have massive repercussions throughout out the world.”

The Japanese economy entered a 20-year stagnation just after it began the buying spree in the US that you mentioned. Many of the properties the Japanese bought were subsequently sold at a loss. The main losers were the Japanese investors themselves.


12 posted on 04/28/2016 6:54:37 AM PDT by riverdawg
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To: C19fan
Future generations of US citizens will have a crapload of debit to pay back - without the ownership of any productive assets.

Sad and desperate situation.

13 posted on 04/28/2016 6:56:14 AM PDT by Last Dakotan
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To: Buttons12

And they have lots and lots of gold.

As for the Radisson: “Hey. It’s Mike Yanagita!”


14 posted on 04/28/2016 7:02:01 AM PDT by onedoug
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To: Buttons12

The vast majority of the people in China are still incredibly poor.

Trump is correct about some things. Our ill conceived trade policies have enabled China to rebuild after sixty years of Maoism at the expense of the American Middle Class.


15 posted on 04/28/2016 7:25:31 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: Last Dakotan

The U.S has no intention of paying anyone back. They have successfully suckered the whole of humanity to underwrite government largess on a massive scale and intend to not pay.

They are presently trying to inflate their way out through Quantitative easing, but have only caused a new stock market bubble. The fact is that most consumer and business demand is so low that their inflating of the money supply has caused the investors to simply run up the stock markets.


16 posted on 04/28/2016 7:29:56 AM PDT by Jim from C-Town (The government is rarely benevolent, often malevolent and never benign!)
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To: C19fan
Hopefully China is overpaying like the Japanese did during the 80s.

My thoughts exactly, and despite the hardship for Americans, I hope they are hurt worse than the Japanese when the market crashes and they don't have a demonrat president in their pocket.

17 posted on 04/28/2016 8:50:52 AM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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