• Wanda moves on luxury chain
Chinese investor the Wanda Group is to invest USD900m building a skyscraper hotel in Chicago. The project is part of a major push into luxury hotels, with at least 12 promised around the world by 2020.

In Chicago, the company is backing an 89 storey build that includes a 240 room hotel and apartments. Projects in London and Madrid have been secured, with New York, Los Angeles and San Francisco on the wish list.
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