According to an article in Business Journal, Chinese property developer and cinema chain operator, Dalian Wanda Group, plan to develop a mixed-use hotel and cinema complex in Tokyo. This will be the first project in Japan to be developed by a major mainland Chinese property developer.
It is hoped that the hotel will be open in time for the 2020 Summer Olympics.
The group has developed 109 large-scale shopping malls and 71 hotels (including 69 five-star hotels) across China. In early 2014, the group acquired a 90% stake in plans for a mixed-use condo, hotel and commercial project in Chicago. Construction of the $900 million project is scheduled to start in 2016. There are also plans for Wanda Hotels in London and Madrid.
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