(MENAFN) China's Dalian Wanda Group announced expanding its luxury hotel business, eyeing to establish over 150 premium hotels across the globe by the end of 2018, Xinhua reported.
Dalian Wanda Group Corp. Ltd, which is the parent company of Wanda Hotels & Resorts, said the targeted overseas markets include Europe, the United States and Australia.
Wanda Hotels & Resorts Co. Ltd. was founded in 2012 with the goal of becoming China's preeminent global luxury hotel brand. It owns and manages hotels under three names Wanda Realm, Wanda Vista and Wanda Reign.
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