Hotel Investment
Chinese Firm to Buy New York's Baccarat Hotel for US$230 Million
| Marcel Woo | | Feb 09, 2015 02:39 AM EST |
Chinese insurers' foray into New York's property sector is in full gear as another Chinese firm announced plans to purchase New York's Baccarat Hotel for a record price of US $230 million, or about US $2 million per room.
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