Quote:
Originally Posted by Domer2019
I'm just surprised China needed the wealth back now, versus next year. Big megacity plans? Another amusement park endeavor?
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Hello Domer2019
It is my understanding that Dalian Wanda has a large loan payment due at the end of March.
"...a repayment, of $510 million worth of bank loans by March 31,..."
Wanda Starts Selling Projects Amid Overseas Cash Crunch Threat
https://www.bloomberg.com/news/artic...-payments-loom
From personal business interactions with Chinese, would not trust their book keeping.
I keep my fingers crossed that this project does not take the path of the former Waterview Tower and now non Shangri La Hotel.
Chicago, October 4, 2005, "...We are extremely delighted and honored that Shangri-La has selected Waterview Tower and Chicago as their entry into the United States," said Ivan Dvorak, chief executive officer of Waterview LLC..."
Shangri-La Hotels Selected as Operator for 200-room Condominium Hotel Within the 90-story Waterview Tower Development in Chicago
http://www.hotel-online.com/News/PR2...LaChicago.html
I was looking forward to the addition of the Shangri La Hotel to the Chicago line up. At the time I stayed, they were the best hotel in Taipei and Xian.