Company linked to one of China’s richest women to spend $200 mln on Auckland hotel

Tue, 15 Apr 2014

By Suze Metherell April 16 (BusinessDesk) – Fu Wah International Group, chaired by Chan Laiwa who is one of China’s richest women, has agreed to build a new Auckland waterfront hotel worth $200 million in partnership with Waterfront Auckland, a council body. Fu Wah, a Beijing-based real estate developer, will build a 200 room, five star hotel in the Wynyard Quarter on Auckland Council-owned land, the city said in a statement. The development is awaiting approval from the Overseas Investment Office and would be completed by 2017. “This deal...

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