U.S.-based hotel companies are eager to tap into China

10/25/2010 | USA Today

The outdoor mall in Shanghai's Zhabei-Daning neighborhood is anchored by the Four Points by Sheraton hotel and features retailers from around the world, including Uniqlo and Disney. Malls like this, anchored by a hotel, are becoming common across China, and U.S.-based hotel companies are eager to join the party. "The magnitude of growth and urbanization in China is hard to understand unless you experience it firsthand," said Frits van Paasschen, CEO of Starwood Hotels.

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