The Business Times
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Dalian Wanda Group plans 150 premium hotels

Targeted overseas markets include Europe, the United States and Australia

Published Mon, Nov 24, 2014 · 09:50 PM

Beijing

CHINESE property developer Dalian Wanda Group plans to build more than 150 premium hotels around the world by 2018 in an expansion of its luxury hotel business, state news agency Xinhua said on Sunday.

The announcement comes as Dalian Wanda Commercial Properties, a subsidiary of Dalian Wanda Group, plans to raise up to US$6 billion in a Hong Kong initial public offering (IPO) this year.

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