Europe is seeing an increase in Asian visitors and with that an increase in investors also. Speakers at this past International Hotel Investment Forum said to expect more European transactions with Asian capital as the key players.
Representatives of Asian capital who participated in “The rise of the Asian investor” panel said investors were required to put in a few years of relationship-building, but now that period is over, and European deals are now closing much quicker.
Teddy Zhang, managing director at The Thayer Group and chief advisor of Phoenix Global Investment—who was deeply involved in the deal that saw Shanghai Jin Jiang International buy Louvre Hotels Group—said there is “strong will from Chinese companies to go overseas, particularly from Jin Jiang. Once we had a couple of years getting to know (Louvre), the deal was actually completed in five days.”