Peninsula Hotel Owner Checks In For Expensive Stay – Breakingviews

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Peninsula Hotel Owner Checks In For Expensive Stay – Breakingviews



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Hong Kong’s Kadoorie family paid nearly double the market rate to add 12% to its controlling stake in the 156-year-old chain with luxury hotels from Paris to Tokyo. With shares trading at a third of net asset value, this suggests some post-pandemic tourist coins have yet to be booked.

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