Late last month, the group's chairman, Wang Jianlin, told that Wanda plans to announce details on a luxury hotel project in New York City later this year, with Wanda-branded luxury hotels expected to debut in as many as 10 world cities over the coming decade.
Wanda Group, a real-estate conglomerate with global ambitions, has a string of swish hotels in China. Now it plans to add a 160-room luxury hotel in London.
Dalian Wanda Group, the world"s biggest owner of movie theaters, is in talks with leading Hollywood studios to co-produce films and is looking to buy and build hotels in major U.S. cities as the Chinese firm eyes a $10 billion "soft power" spending spree.
Dalian Wanda Group said earlier this week that it is in negotiations to merge with or buy a U.S. hotel chain.
Dalian Wanda Group, the world"s largest movie theater owner, is looking into hotel acquisition opportunities in the US, its chairman said Monday.
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