Law Practice
Aug. 4, 2011
China-focused practices grow
With more Chinese investors moving in the past year to acquire upscale hotels and commercial complexes that have languished in the financial bust, law firms are beginning to carve out specialized practices to handle such deals.
Daily Journal Staff Writer
Earlier this year, a Chinese development team bought the Sheraton Universal Hotel in Universal City out of receivership for an estimated $90 million. Last month, a China-based investment group sunk $20 million into the W Hotel and Residences Hollywood for an upscale restaurant and nightclub.
With more Chinese investors moving in the past year to acquire upscale hotels and commercial comp...
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