Chinese Firm Buys Los Angeles Airport Marriott For $160 million

LATimes ^ | December 18, 2014 | ROGER VINCENT

[GWB00]

When I was a kid in High School (30 yeas ago), my friend’s mom took us there to have Mexican food before dropping off my buddy’s stepdad at the airport. (I later learned he was “commuting” to Nicaragua to patch up Contras). She claimed this Marriott had the best Mexican food in Los Angeles.

[sergeantdave]

“Now how long until all these Chinese buildings end up back in a US/Western company’s hands, much like the Japanese acquisitions did?”

Good question. The US realty market had predicted this movement of ChiComm money into the US realty market since 2013. The realtors said that the ChiComm buys would center around the big west coast cities and NYC. So far, that’s proving to be the case.

To me, these buys say a lot about the state of the ChiComm economy. The ChiComm oligarchs have no faith whatsoever in the stability of the ChiComm economy. Private equity has been leaving China for a few years now and moving to the BRIC nations. This movement of money out of China, IMO, is a significant sign of serious financial trouble, despite all the cheering about the China “superman” from our commie financial press.

Time will tell.

[Mr. Jeeves]

In China, business IS the government. There is no real difference.

Actually, it's just like the USA, now. Big business is the government - small business is stepped on or ignored...until tax time.

One critical difference - the Chinese government takes no interest in micromanaging small business over things like ADA or OSHA or diversity compliance or a million conflicting city and state zoning/signage/lighting/operations laws, so despite the lack of real investment opportunities Chinese entrepreneurs arguably have it easier than their American counterparts.

[Cry if I Wanna]

I’m old enough to remember when the Japanese bought everything, including Rockefeller Center!