Starwood being bought by Chinese company....amazing isn't it.

Amazing how many companies China has bought from the US ...Marriott was making a bid for it for $12.2 billion....China firm offered $1 billion more just this week......the most interesting thing with this Firm buying starwood is that in 2004 it was set up with $60 million and today just a decade later it has assets totalling $253,000,000,000

Hmmmmmmmmmm

From $60 million to $253 billion???




http://www.cnbc.com/2016/03/14/who-is-the-chinese-firm-behind-13b-starwood-bid.html

 

Love it!!

 

Desperate to get out of the Yuan before the devaluation. It is like Japanese companies buying trophy assets before the collapse of the nikkei in 1989/90. See zerohedge for more info
http://www.zerohedge.com/news/2016-03-17/chinas-most-innovative-capital-outflow-yet-bizarro-ma

 

you beat me to the post. the japanese bought pebble beach course in california before the real estate crash.
Davis sold Pebble Beach Company to Japanese businessman and golf fanatic, Minuro Isutani in 1990, who would then sell to The Lone Cypress Company (formed by the Japanese Sumitomo bank and Taiheiyo Club) in March, 1992.

In the summer of 1999, Arnold Palmer, Richard Ferris, Peter Ueberroth and Clint Eastwood—along with William Perocchi and GE Pension, offered limited partnership interests with the understanding that the plan was to never again sell Pebble Beach Company to another ownership group.

 

Yea they are parking their assets here in the US thinking this is a safer bet, but little do they know is that when China slows the entire world will slow down with them...right now everything is blue skies and rainbows

 

More news on Chinese buying. Blackstone flipping hotels bought six months ago to Chinese for $450m profit.
http://www.zerohedge.com/news/2016-03-17/central-bankers-embarrassment-stitches

 

I'm gonna start up a company and sell it to the Chinese!

 

it makes sense to buy real assets rather than US Treasuries.

 

I could find 100 U.S. companies that went from $10M to more than $250B in assets in 10 years. Do you have a reason to think there's some malfeasance going on here, or just the change in assets?

 

Really....it's that easy to take a company from $10 million in assets to $250 billion...

You know 100?

Name more than 1/2