Chinese Capital, Canadian Real Estate

May 21st, 2016 Posted by Capital Markets, China Business Development, M&A No Comment yet

InnVest Real Estate Investment Trust, one of Canada’s largest hotel owners, has been acquired by Bluesky Hotels & Resorts Inc.  Bluesky has been described as “a privately held real estate investor incorporated in Canada and backed by Hong Kong capital.” Bloomberg speculates that the buyers have links to China’s Anbang Insurance Group Co.  To paraphrase an old China hand, “Fish grow fat in muddy waters.”

Read the Bloomberg article here.

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