Domestic firms plan more overseas luxury hotel deals

Increasing outbound tourism suggests positive, stable returns

Stable investment returns and increasing Chinese outbound tourism have prompted Chinese companies to purchase more overseas luxury properties in recent years, some investment experts said.

Kai Yuan Holdings Ltd, a Hong Kong-listed investment holding company focusing on industrial investments, announced on Monday that it would spend 344.512 million euros ($471.94 million) on the property and operation of Paris Marriott Hotel Champs-Elysees, the only five-star hotel located on the Champs-Elysees.