The Hamptons for $1.25 Billion

The Hamptons for $1.25 Billion

July 25, 2021 Comments Off on The Hamptons for $1.25 Billion By admin

The Hampton Hotel, the latest luxury property to be bought by a Chinese conglomerate, is going for $2.1 billion.

The deal will make the resort the largest-ever buyer of a luxury property in the United States, according to Bloomberg.

The hotel will be the biggest hotel in New York state, according a New York Times article.

It is owned by the China Southern Group, which also owns the Grand Hyatt hotel in Los Angeles.

The new owners of the hotel, the Shenzhen-based Hong Kong-based Chinese group, will be owned by Chinese conglomerate Sinochem, which was founded in the 1990s by the late billionaire Wang Jianlin.

It has about 7,000 hotels in China and owns about 80% of the industry.

The group bought the Hampton in 2006 for $4.5 billion, and it was renamed Shenzhen Shangri-La.

The Shenzhen Group will be responsible for managing the property, and the Hampton’s owners, Sinochem and Hong Kong investment firm China Investment Group, will own the rest.

The Hamontons is being developed by Sinochem as part of a massive plan to develop a $100 billion shopping center on the beachfront resort island of Long Island.

Sinochem plans to build the mall on a 1.5-million-square-foot site in Long Island Sound, which has a beachfront, public transportation and a casino.

The mall will have a hotel, restaurants, shopping, restaurants and an indoor entertainment complex, Sinodia announced in August.

The resort is expected to be completed by 2021.

It will have 4,200 hotel rooms and a restaurant, and Sinodias plans are to add 3,000 more rooms and 1,000 restaurants.

Sinodiah said the Hamonton will offer residents a choice of four restaurants per room.

It also plans to add a new resort hotel, a 3,800-room hotel and a resort hotel with an indoor amusement park.

The $2 billion sale price is still subject to regulatory approvals, and a number of details will need to be worked out.