Chinese investor is close to buying $800 million US hotel

A Chinese family office (representing the Cai Kui family) is in negotations to buy a U.S. hotel portfolio from MassMutual for as much as $800 million, based on a report by Bloomberg.

Junson Capital, based in Hong Kong, manages the wealth of the Longfor Properties co-founder's family and now it seems that they plan to buy seven to eight hotels from MassMutual. 

This transaction (if it indeed goes through) indicates that  Chinese investors with offshore capital remain keen to engage in real estate deals across the world, even after the Chinese government issued new restrictions on buying overseas real estate assets.

Junson Capital is not new to the hotel sector as it acquired DoubleTree by Hilton Hotel in London in 2016.  

Read the full article published by Bloomberg here.