Konglomerat Sukanto Tanoto Beli Hotel Mewah di China, Harganya Fantastis

"Konglomerat Sukanto Tanoto Buys Luxury Hotel in China, Its Price is Fantastic"

Dream - Milarder Sukanto Tanoto through his company Pacific Eagle Real Estate has bought one of the luxury hotels in Shanghai, China. The luxury hotel in question is Wanda Reign on the Bund. Sukanto bought it from the Chinese developer Dalian Wanda Group (Wanda Group).

"Fantastic Price"

Even though the number of purchase transactions was not disclosed, real estate website Mingtiandi reported that Pacific Eagle paid a total of US$240 million or approximately Rp3.7 trillion.

Wanda Reign on the Bund has 193 rooms. This hotel is located on the historic Bund waterfront in Shanghai. This area is famous for its Western-style art deco buildings built in the late 19th and early 20th centuries.

According to Forbes, Wanda Group opened this hotel in June 2016. Wanda was reported to have spent up to 3.4 billion yuan to build the seven-star hotel, making it one of the most expensive hotels ever built in China.

Konglomerat Sukanto Tanoto Beli Hotel Mewah di China, Harganya Fantastis

"As a long-term investor, Pacific Eagle Real Estate acquired the Shanghai Wanda Reign on the Bund hotel for capital preservation," said a spokesperson for Pacific Eagle via email.

Hotel Wanda Reign will be Pacific Eagle's second hotel investment after Mondrian Duxton Singapore with 304 rooms, which opened last July. Pacific Eagle is part of the Royal Golden Eagle (RGE) group of companies owned by the Tanoto family, which has made breakthroughs in the Singapore real estate market in recent years.

In 2022, the company purchased Tanglin Shopping Centre in the Orchard Road shopping area of Singapore for US$645 million. The plan to rebuild the property has not yet been completed. In addition to property investments in Singapore, Pacific Eagle, in collaboration with China Resources Capital, is building the Pacific Eagle Center, a 21-story office tower in Beijing.

The following is the translation of the given 'Bahasa' text to 'English' while preserving any HTML tags: "The company is also developing Prospect Park, a business area consisting of 19 office blocks in the capital city of China. As well as a residential development in Rizhao City, in the southeastern part of Shandong province, China. Outside of Asia, Pacific Eagle has commercial properties in London and Munich."

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