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Old 03-13-2016, 11:18 AM
 
Location: Laguna Niguel, Orange County CA
9,807 posts, read 11,171,445 times
Reputation: 7997

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Yet another trophy property was purchased by this Chinese insurance company. This time it is the Hotel Del.

Chinese insurer is acquiring Santa Monica resort, Hotel del Coronado in $6.5-billion portfolio deal - LA Times
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Old 03-13-2016, 01:50 PM
 
4,294 posts, read 4,441,126 times
Reputation: 5731
YUK. I won't be eating there anytime soon like I planned.

American Real Estate is the new outsourcing !
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Old 03-13-2016, 05:42 PM
 
8,392 posts, read 7,675,540 times
Reputation: 11027
Name change: Hotel Del Chang.
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Old 03-13-2016, 06:53 PM
 
1,630 posts, read 2,363,673 times
Reputation: 1325
Quote:
Originally Posted by CNYC View Post
YUK. I won't be eating there anytime soon like I planned.

American Real Estate is the new outsourcing !

Just because a Chinese firm acquired it, is Yuck??!
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Old 03-13-2016, 07:36 PM
 
17,874 posts, read 16,007,300 times
Reputation: 11662
why does an insurance company want a hotel for? Hospitality is not their business. Now insuring the building yes, but . . .
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Old 03-13-2016, 09:02 PM
 
Location: Laguna Niguel, Orange County CA
9,807 posts, read 11,171,445 times
Reputation: 7997
Insurance or not, are many of these Chinese companies really even companies, or extensions of the state? We as a nation as so stupid to sell (or in the case of lawmakers, to permit the sale of) our big pork producer Smithfield Foods), and allow the Chinese to process our chicken in China, and allow them to buy big companies like Maytag, etc. etc. I guess those things bother me a lot more than their buying trophy hotels, but the fact remains that Chinese companies are extremely questionable.
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Old 03-14-2016, 12:21 AM
 
8,392 posts, read 7,675,540 times
Reputation: 11027
Quote:
Originally Posted by CNYC View Post
YUK. I won't be eating there anytime soon like I planned.

American Real Estate is the new outsourcing !
Seeing as how the Hotel Del's restaurants consistently get cited by the health department, you may not want to eat there anyhow. (In fairness, they have cleaned up their act a bit since 2009, when they were cited for rodent droppings in their main kitchen).
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Old 03-14-2016, 12:37 AM
 
8,495 posts, read 4,175,181 times
Reputation: 7043
I always thought Chinese people were very superstitious - they must not know of all the stories about this hotel being haunted.
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Old 03-14-2016, 02:24 AM
 
Location: San Diego
401 posts, read 445,579 times
Reputation: 323
I knew someone would hyperventilate on these boards with this recent purchase. Nationalistic patriotism aside, if a Chinese company can do what an American company can do better, isn't that the free market at work? Business is business, after all. Unless it isn't convenient...
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Old 03-14-2016, 09:00 AM
 
Location: Laguna Niguel, Orange County CA
9,807 posts, read 11,171,445 times
Reputation: 7997
Quote:
Originally Posted by The Flying Dutchman View Post
I knew someone would hyperventilate on these boards with this recent purchase. Nationalistic patriotism aside, if a Chinese company can do what an American company can do better, isn't that the free market at work? Business is business, after all. Unless it isn't convenient...
No it's not the free market if the so-called company is merely a shell and is a part of a nation's government (one with an abysmal human rights record and one that is openly a rival of ours).
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