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China Huarong Buys Two Hilton Hotels in NYC

RLJ Divests Chelsea, Garment District Assets for $286M
By Andrea Quach
December 30, 2016 | 9:57 P.M.

China Huarong International Holdings Ltd., an affiliate of China Huarong Asset Management Co., China's largest financial asset management company with CN¥ 866.5 billion (2015) in total assets, has acquired the Hilton Garden Inn New York and the Hilton NY Fashion District hotels.

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