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Hong Kong investment firm pays $470 mn for 5-star Paris hotel

Hong Kong investment firm pays $470 mn for 5-star Paris hotel

Hong Kong investment firm pays $470 mn for 5-star Paris hotel (via AFP)

A Hong Kong investment firm said it has agreed to pay almost $470 million for the five-star Paris Marriott Hotel Champs-Elysees, as it targets Chinese tourists’ desire for luxury travel. Kai Yuan Holdings will pay €344.51 million ($467.27 million)…

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