Marriott shared lobbyists with Taiwan’s de facto embassy in Washington

In January, Marriott stated “we don’t support anyone who subverts the sovereignty and territorial integrity of China and we do not intend in any way to encourage or incite any such people or groups.”[i] But a review of lobbying records shows that Marriott has twice hired lobbyists who were already representing Taiwan’s de facto embassy in the United States, the Taipei Economic and Cultural Representative Office in the United States (TECRO).[ii]

TECRO hired Heather Podesta + Partners. Marriott did the same.

Heather Podesta + Partners (now called Invariant)[iii] registered to represent TECRO in May 2012[iv] and continued to do so until the relationship was terminated in December 2014.[v] As part of their representation, the firm held meetings with nine members of Congress,[vi] and also sent social invitations to several wives of members of Congress and cabinet members.[vii] Over the course of their representation, TECRO paid the firm $725,000.[viii] (Click here to see records of Heather Podesta + Partners lobbying on behalf of TECRO.)

Taiwan is the only foreign agent Heather Podesta + Partners or Invariant has ever registered to represent.[ix]

Marriott hired Heather Podesta + Partners in May 2014.[x] The firm (under its old and new names) has filed lobbying disclosures as a representative of Marriott every quarter since then.[xi] Marriott has paid Heather Podesta + Partners/Invariant $880,000 since the firm registered as Marriott’s lobbyist.[xii]

Marriott also hired Venable LLP when it was registered as a lobbyist for Taiwan

Marriott first hired Venable LLP as a lobbyist in February 2002.[xiii] Marriott retained Venable as a lobbyist until 2017.[xiv]

Venable registered as a lobbyist on behalf of TECRO in May 2001.[xv] Venable and TECRO signed agreements continuing the lobbying representation in January 2003,[xvi] July 2003,[xvii] and January 2004.[xviii] The US Department of Justice Foreign Agent Registration Act database does not include a notice of termination from Venable as an agent for Taiwan.[xix] Venable received over $250,000 for its work on behalf of TECRO.[xx]

A third-party vendor built the survey that was at the center of Marriott’s email gaffe in January; after the incident, Marriott terminated its contract with the vendor.[xxi] What due diligence does Marriott engage with in hiring contractors when it comes to issues that are politically sensitive to China?

 

[i] “Statement from Arne Sorenson, President and CEO, Marriott International, Inc.,” Marriott Media Center, 1/11/18. http://news.marriott.com/2018/01/statement-from-arne-sorenson-president-and-ceo-marriott-international-inc/.

[ii] The United States does not recognize Taiwan as a country, and Taiwan does not have a formal embassy in the United States. TECRO describes itself on its website: “Taipei Economic and Cultural Representative Office in the United States (TECRO) is the Republic of China’s principal representative office in the United States. As such, TECRO in the United States is responsible for maintaining and developing bilateral relations between Taiwan and the United States.” “TECRO Profile and Mission,” Taipei Economic and Cultural Representative Office, retrieved 6/5/18. https://www.taiwanembassy.org/us_en/post/18.html.

[iii] “Heather Podesta,” Invariant, retrieved 6/6/18. http://invariantgr.com/team/HeatherPodesta.html.

[iv] Registration Statement filed by Heather Podesta + Partners, FARA/US Dept. of Justice, 5/14/12. https://www.fara.gov/docs/6103-Registration-Statement-20120515-1.pdf.

[v] Supplemental Statement filed by Heather Podesta + Partners, FARA/US Dept. of Justice, 6/26/15. https://www.fara.gov/docs/6103-Supplemental-Statement-20150626-6.pdf.

[vi] The members were: Kent Conrad, Michael Bennet, Sheldon Whitehouse (Supplemental Statement, 12/29/12); Sherrod Brown (Supplemental Statement, 6/21/13); Angus King, Claire McCaskill, Al Franken, Mark Begich (Supplemental Statement, 12/20/13); and Debbie Wasserman Schultz (Supplemental Statement, 6/30/14). All FARA filings are available on the FARA/US Dept. of Justice website, retrieved 6/6/18: https://efile.fara.gov/pls/apex/f?p=185:200:3828446201584::NO:RP,200:P200_REG_NUMBER:6103.

[vii] Supplemental Statement filed by Heather Podesta + Partners, FARA/US Dept. of Justice, 6/21/13. https://www.fara.gov/docs/6103-Amendment-20130621-1.pdf.

[viii] Payment information from FARA filings by Heather Podesta + Partners: $175,000 (Supplemental Statement, 12/29/12); $150,000 (Supplemental Statement, 6/21/13); $150,000 (Supplemental Statement, 12/20/13); $125,000 (Supplemental Statement, 6/30/14); $125,000 (Supplemental Statement, 12/19/14).

[ix] See Historical List of all Registrants (Active and Terminated), FARA/US Dept of Justice, retrieved 6/6/18. https://efile.fara.gov/pls/apex/f?p=185:110:0::NO:RP,110:P110_USECNTRY:N.

[x] LD-1 Disclosure form (Heather Podesta + Partners representing Marriott International), US House of Representatives Lobbying Disclosure, effective 5/1/14. http://disclosures.house.gov/ld/ldxmlrelease/2014/RR/300652275.xml.

[xi] See the US Lobbying Disclosure Act Database, retrieved 11/27/18. https://soprweb.senate.gov/index.cfm?event=selectFields&reset=1.

[xii] See the US Lobbying Disclosure Act Database, retrieved 11/27/18. https://soprweb.senate.gov/index.cfm?event=selectFields&reset=1.

[xiii] Lobbying registration, Venable LLP (Registrant) for Marriott International (Client), US House of Representatives Lobbying Disclosure, effective 2/4/02. http://disclosures.house.gov/ld/pdfform.aspx?id=9001455.

[xiv] Data from US Senate Lobby Disclosure database, retrieved 11/27/18. https://soprweb.senate.gov/index.cfm?event=selectfields.

[xv] Exhibit AB to Registration Statement, Venable Attorneys at Law (Registrant) on behalf of Taipei Economic and Cultural Representative Office (Client), US Dept of Justice/Foreign Agent Registration Act, 5/25/01. https://www.fara.gov/docs/5435-Exhibit-AB-20010529-GUM8GT04.pdf/

[xvi] Exhibit AB to Registration Statement, Venable Attorneys at Law (Registrant) on behalf of Taipei Economic and Cultural Representative Office (Client), US Dept of Justice/Foreign Agent Registration Act, 8/8/03. https://www.fara.gov/docs/5435-Exhibit-AB-20030815-HNHDXV01.pdf

[xvii] Agreement between Venable LLP and TECRO, US Dept of Justice/Foreign Agent Registration Act, 7/1/03. https://www.fara.gov/docs/5435-Exhibit-AB-20041210-I8VU6P04.pdf.

[xviii] Agreement between Venable LLP and TECRO, US Dept of Justice/Foreign Agent Registration Act, 1/1/04. https://www.fara.gov/docs/5435-Exhibit-AB-20040218-HUODLF03.pdf.

[xix] In the FARA Historical List of all Foreign Principals, searching for Taiwan and Venable shows 2 entries: the first lists a foreign principal registration date of 5/29/01 and a foreign principal termination date of 4/30/02; the second a registration date of 8/15/03 and a termination date of 10/31/05. The contracts signed by Venable and TECRO in the database partially cover these periods.

[xx] Payment information from FARA reports to Congress: $45,000 for the six months ending 5/31/02 (FARA First Semi-Annual Report for 2002); $60,000 for the six months ending 12/30/03 (FARA Second Semi-Annual Report for 2003); $28,978 for the six months ending 5/31/04 (FARA First Semi-Annual Report for 2004); $10,000 for the six months ending 11/30/04 (FARA Second Semi-Annual Report for 2004); $72,000 for the six months ending 5/31/05 (FARA First Semi-Annual Report for 2005); $34,500 for the six months ending 11/30/05 (FARA Second Semi-Annual Report for 2005). All FARA reports to Congress hosted at the US Dept of Justice FARA website, retrieved 6/6/18. https://www.justice.gov/nsd-fara/fara-reports-congress.

[xxi] Xu Junqian, “Marriott announces ‘rectification plan’ to regain trust,” China Daily, 1/18/18. http://www.chinadaily.com.cn/a/201801/18/WS5a600374a310e4ebf433e9ac.html.

While China Investigates Marriott’s Dirty Rooms, UNITE HERE Offers Briefing with Housekeepers

China’s Ministry of Culture and Tourism is currently investigating the cleanliness of Marriott’s luxury hotel rooms in China. UNITE HERE has offered to help by arranging a meeting with the real experts: Marriott housekeepers. Read UNITE HERE’s letter to the Ministry here.

The Ministry’s investigation was sparked by a viral video which exposed poor room cleaning practices at luxury hotels in China. (See the video here.) Several high-end Marriott hotels were shown in the video, including the Ritz-Carlton Shanghai Pudong, Bvlgari Shanghai, Le Royal Méridien Shanghai, the Sheraton Guiyang, and the Sheraton Nanchang.

UNITE HERE has asked Chinese representatives to sit down with housekeepers at a consulate to describe the impact of Marriott’s “Green Choice” program, which leaves rooms without housekeeping service for days at a time, on their lives and on room cleanliness. The union also shared its report about the program.

Housekeepers have described what it is like cleaning a hotel room because of Marriott’s Green Choice program: “I’m working in excruciating pain. I have all kinds of ailments since I started doing this work,” said Evelina Cravens, a housekeeper at the Marriott Union Square in San Francisco. “Green Choice is going to run us all out. We have to rush so fast and do so much, we’re injuring ourselves.”

Read the letter to the Ministry here, and the report on Marriott’s Green Choice program here.

 

Save Our Supplements! Letter to FDA Commissioner urges investigation of Chinese acquisition of GNC stake

(Pills Vitamins Pile Bowl April 23, 2012 2 by Steven DepoloCC BY 2.0)

GNC has recently concluded a $300 million investment agreement with Harbin Pharmaceutical Group Holding, which would see the Chinese company become the largest shareholder in the vitamin and supplement retailer.

UNITE HERE has sent a letter to FDA Commissioner Dr. Stephen Gottlieb urging an investigation of the deal. In China, Harbin has been cited or sanctioned by government agencies for problems with its drugs no fewer than 6 times since 2015, and three times in 2018 alone. Read the letter here.

Harbin products which have been cited by the Chinese government have included gingko pills, Siberian ginseng, and Chinese licorice. According to GNC’s website, the company sells similar products (gingko pills, Siberian root, and licorice root) to consumers in the United States.

A major shareholder of Harbin, CITIC Capital, is part of the larger CITIC Group. CITIC owns one Marriott hotel in China. Viem Kwok, chairman of CITIC Resources Holdings, is the chairman of three companies which own three Marriott hotels in China, including two in Tibet.

Read the letter here.

Letter to Congress: Potential National Security Concerns about China Poly Group

(Senator Marco Rubio at Senate Foreign Relations Committee confirmation of US Ambassador to China – via CSPAN)

UNITE HERE has sent a letter to members of the Senate Committee on Foreign Relations and the House Committee on Foreign Affairs outlining potential national security concerns regarding the company China Poly Group. The letter, sent to the subcommittees with jurisdiction over China, is available on this website.

Poly Group’s most well-known subsidiary, Poly Technologies, has been engaged for decades in weapons manufacturing and trading. At the same time, other Poly subsidiaries deal in real estate, cultural exchanges, and art exhibitions. The New York Times glossed the wide-ranging nature of Poly’s businesses in a description of Poly’s Beijing office tower, “where visitors can shop for a painting on the third floor or a missile system on the 27th.”[i]

Poly’s ability to combine these diverse ventures into one enterprise is concerning in light of the company’s stated ambitions to expand in the United States and Canada. The letter urges the CECC to investigate the connections between Poly’s “hard power” (military) and “soft power” (civilian) sides and determine what, if any, national security issues may arise.

UNITE HERE learned about Poly’s activities after discovering that Poly Realty, a subsidiary of Poly Group, owned a Marriott-branded hotel in China, and had four Marriott hotels in development.

Read the letter here.

 

[i] Graham Bowley and David Barboza, “China’s Art Market Powerhouse Complicates Reform Efforts,” New York Times (Chinese edition), 12/17/13. https://cn.nytimes.com/art/20131217/t17poly/en-us/.

UNITE HERE: Report Calls on Chinese Authorities to Investigate Fantasia Holdings

UNITE HERE: Report Calls on Chinese Authorities to Investigate Fantasia Holdings

Company connected to Zeng Qinghong relative had mutual partner with China Huarong

BOSTON–UNITE HERE, the North American hotel workers’ union, has released a report calling on Chinese authorities to investigate real estate company Fantasia Holdings.

(Read the report in English and Chinese.)

The call comes in the context of an ongoing corruption investigation of Lai Xiaomin, former Chairman of China Huarong Asset Management. The report describes the interlocking relationship between Fantasia Holdings and HKBridge (formerly Topsearch International), and the latter’s multiple connections with Huarong and troubled metals company Ningxia Tianyuan Manganese Industry Group, which was reportedly integral to the conduct being investigated by the Chinese government.

“The more we investigated, the more it became clear to us that Fantasia Holdings and Lai Xiaomin’s Huarong had partners in common,” said UNITE HERE Deputy Director Jeff Nelson. “Because of the sensitivity of the government’s investigation, we believed it was necessary to compile what we know and send it to the anticorruption investigators.”

The report urges the Chinese government to thoroughly investigate the connections between Huarong and Fantasia, even though Fantasia has powerful political connections. Zeng Jie, controlling shareholder of Fantasia, is the niece of former Vice President of China Zeng Qinghong.

UNITE HERE’s findings are a result of ongoing due diligence of Marriott International. Both Huarong and Fantasia are controlling stakeholders in Marriott hotels, and Fantasia and Marriott predecessor company Starwood are signatories to a strategic alliance memorandum which announced a long-term partnership in hotel development, construction, and management.

“Western businesses like Marriott have a responsibility to partner with companies that exhibit the highest ethical standards. We hope an extension of the current investigation to include the Zeng Qinghong-connected Fantasia will establish whether corruption has occurred,” Nelson said.

The report is hosted for the public on a union website, Marriott China Observer (www.marriottchinaobserver.org), in English and Chinese. The report was sent to the China Securities Regulatory Commission, the National Supervisory Commission, and the Embassy of the People’s Republic of China in the United States.

About UNITE HERE

UNITE HERE represents 270,000 members working in the hotel, gaming, food service, manufacturing, textile, distribution, laundry, transportation, and airport industries in the U.S. and Canada including 17,000 employed by Marriott International. MarriottChinaObserver.org is maintained by the UNITE HERE Research Department.

Contacts

UNITE HERE
Jeff Nelson, +1-617-480-2585
[email protected]

BREAKING: Report urges Chinese authorities to investigate Marriott partner Fantasia Holdings for connections to China Huarong / 突发新闻:报告呼吁中国政府调查万豪合作伙伴花样年控股与中国华融的关联

UNITE HERE has released a new report calling on the Chinese government to extend its investigation of former China Huarong Asset Management chairman Lai Xiaomin to include real estate company Fantasia Holdings.

The report describes the interlocking relationship between Fantasia Holdings and HKBridge (formerly Topsearch International), and the latter’s multiple connections with Huarong and troubled metals company Ningxia Tianyuan Manganese Industry Group. Ningxia Tianyuan was reportedly integral to the conduct being investigated by the Chinese government.

The report urges the Chinese government to thoroughly investigate the connections between Huarong and Fantasia, even though Fantasia has powerful political connections. Zeng Jie, controlling shareholder of Fantasia, is the niece of former Vice President of China Zeng Qinghong.

Both Fantasia and Huarong are controlling stakeholders in Marriott hotels in China. In 2012, Fantasia signed a strategic alliance memorandum with Starwood, which subsequently merged with Marriott.

The report can be read here in English or Chinese.

NEW: UNITE HERE Letter to Spanish regulators urges caution over potential Kam Fung bid for pork processor Incarlopsa

UNITE HERE has sent a letter to Spanish regulators raising concerns about the reported interest by Kam Fung, a Chinese property developer, in acquiring Spanish meat processor Incarlopsa. The concerns center on Kam Fung’s relationship with troubled state-owned distressed asset manager China Huarong Asset Management, and the Chinese government’s encouragement of purchases of international agricultural assets.

(Read the letter in English and Spanish.)

In April, Reuters reported that China’s Kam Fung Group Company was in talks to acquire 95% of the shares in Spanish pork producer Incarlopsa. The Reuters report stated Kam Fung was in talks about forming a consortium with a unit of China Huarong.

Soon after the Reuters report about Kam Fung’s interest in Incarlopsa was published, Chinese business outlet Caixin reported that Huarong’s chairman, Lai Xiaomin, was under investigation by the Communist Party of China’s Central Commission for Discipline Inspection for “serious violations of party discipline and law.” In August, Caixin reported that graft investigators found 270 million yuan in cash at properties owned by Lai; the bills of Chinese yuan and other currencies weighed nearly 3 tons.

While Incarlopsa has denied that it is engaged in a sale process, Kam Fung and Huarong could make a bid for the company at any time. The letter raises questions for Spanish policymakers to consider in evaluating a potential bid.

UNITE HERE was alerted to these issues while investigating the Renaissance Shanghai Pudong East, which is partially owned by Huarong and associates related to Kam Fung.

Read the letter in English and Spanish.

Shanghai Ritz-Carlton owner is controlled by family with corruption conviction

Sun Hung Kai Properties (SHKP), a major Hong Kong property developer, is the sole owner of the Ritz-Carlton Shanghai, Pudong.[1] SHKP is controlled by the Kwok family.

The Kwok family has been dogged by controversy. A member of the Kwok family, who formerly served as a co-chairman, was convicted in a Hong Kong court in 2014 of bribery of a senior Hong Kong official; another SHKP executive director was convicted for the same offense. In addition, after the release of the Panama Papers, it was revealed that the Kwok family owned an Australian security firm that until 2017 operated migrant detention centers and had been the subject of numerous allegations of abuse.

SHKP: A family business

SHKP is controlled by the Kwok family through a trust passed on by its founder, Kwok Tak-seng, to his wife (Kwong Siu) and three sons (Raymond, Thomas, and Walter).[2] The family was estimated in 2017 to be collectively worth about $40 billion.[3]

The SHKP board includes a number of family members. Chairman Raymond Kwok Ping-luen is a nephew of director Kwong Chun and an uncle of director Adam Kwok Kai-fai. Raymond’s son Christopher Kwok Kai-wang serves as a director and another son, Edward Kwok Ho-lai, as an alternate director. Family members make up four of the eight executive directors.[4]

Co-chairman and executive director convicted in bribery scandal

Thomas Kwok served as co-chairman of SHKP from 2011-2014 alongside his brother Raymond. Thomas stepped down after he was sentenced in 2014 for paying HK$8.5m to Rafael Hui, a former chief secretary of Hong Kong, to be the group’s “eyes and ears” in government. Raymond was also arrested, but was acquitted of all charges.[5] Thomas lost his final appeal in June 2017.[6]

Former Sun Hung Kai executive director Thomas Chan Kui-yuen was also convicted for a role in the Hui bribery case.[7] Chan had used a family trust to funnel US$8.8m from Thomas Kwok to Hui and a further US$2m from himself.[8]

Raymond currently serves as sole Chairman and Managing Director of SHKP.[9]

SHKP request divided law firm at center of Panama Papers leak

According to the leaked files in the Panama Papers release, the arrest of Chan Kui-yuen in 2012 led to a battle within Mossack Fonseca – the Panama law firm at the center of the leak – over whether to part ways with SHKP.

In 2012, SHKP requested that the law firm shut down a company, Yorkshire Limited, that was controlled by Chan. According to the Guardian,

Mossack Fonseca staff became suspicious when SHKP told it that Yorkshire Limited, of which Thomas Chan Kui-yuen had been a director for 20 years, had no purpose. They discovered that Chan, a senior SHKP figure, had been arrested weeks earlier on charges of bribing a Hong Kong government official, raising concerns that it was illegal for him to act as a director in the BVI.

SHKP repeatedly refused requests for due diligence documents. The Guardian quoted an internal exchange in which a compliance staffer asked a Hong Kong colleague: “Why this client does not provide information of the company?” The colleague replied: “This client is a very famous list co, land developer in HK. They used to buy BVI cos for their various projects.”

Eventually, SHKP agreed to supply the documents.[10]

Mossack Fonseca announced in March 2018 that the firm would close.[11]

 

[1] Annual Report 2016-17, Sun Hung Kai Properties, p. 76. https://www.SHKP.com/Content/Uploads/Reports/E00016_AR_201617.pdf.

[2] Jennifer Lo, “Sun Hung Kai’s struggle to restore investor confidence,” Financial Times, 7/31/16. https://www.ft.com/content/c558abcc-54dc-11e6-befd-2fc0c26b3c60.

[3] Louise Moon, “Sun Hung Kai Properties’ Kwok family is Asia’s third richest, according to latest Forbes ranking,” South China Morning Post, 11/15/17. https://www.scmp.com/business/money/wealth/article/2120033/sun-hung-kai-properties-kwok-family-asias-third-richest.

[4] The full board (excluding alternates) consists of eight Executive Directors, three Non-Executive Directors and seven Independent Non-Executive Directors. Board of Directors, Sun Hung Kai Properties, retrieved 7/26/18. https://www.SHKP.com/Pages/board-of-directors.

[5] Jennifer Lo, “Sun Hung Kai’s struggle to restore investor confidence,” Financial Times, 7/31/16. https://www.ft.com/content/c558abcc-54dc-11e6-befd-2fc0c26b3c60.

[6] Jennifer Lo, “Hong Kong tycoon Thomas Kwok loses final corruption appeal,” Nikkei Asian Review, 6/14/17. https://asia.nikkei.com/Asia300/Hong-Kong-tycoon-Thomas-Kwok-loses-final-corruption-appeal2.

[7] Chris Lau, “Rafael Hui case: Hong Kong Court of Final Appeal judgment in brief,” South China Morning Post, 6/14/17. https://www.scmp.com/news/hong-kong/law-crime/article/2098312/rafael-hui-case-hong-kong-court-final-appeal-judgment-brief.

[8] Joshua Robertson and Paul Farrell, “How a Hong Kong corruption scandal sparked strife at Mossack Fonseca,” The Guardian, 4/3/16. https://www.theguardian.com/news/2016/apr/04/how-a-hong-kong-corruption-scandal-sparked-strife-at-mossack-fonseca.

[9] Directors and Board Committees, Sun Hung Kai Properties, retrieved 7/25/18. https://www.SHKP.com/en-US/Pages/directors-and-organization.

[10] Joshua Robertson and Paul Farrell, “How a Hong Kong corruption scandal sparked strife at Mossack Fonseca,” The Guardian, 4/3/16. https://www.theguardian.com/news/2016/apr/04/how-a-hong-kong-corruption-scandal-sparked-strife-at-mossack-fonseca.

[11] Cat Rutter Pooley and Barney Thompson “Panama Papers law firm Mossack Fonseca ‘to close’,” Financial Times, 3/15/18. https://www.ft.com/content/c2501cf4-2824-11e8-b27e-cc62a39d57a0.

Letter to China Securities Regulator Concerning Marriott Hotel Owner Zijiang Group / 致中国证监会关于万豪酒店业主紫江集团之函件

UNITE HERE has sent a letter to the China Securities Regulatory Commission to bring attention to activities by companies partially owned by Zijiang Group and its chairman, Shen Wen. These activities were uncovered during research on Zijiang Group’s hotel, the Marriott Shanghai Hotel Hongqiao.

As the letter (accessible on this website in English and Chinese) details, two companies partially owned by Zijiang Group – Zijiang Enterprise and Well Tech – omitted from their IPO filings the fact that the directors of their largest shareholders had business relationships. These relationships gave Shen Wen influence over a majority of the companies’ shares after the offerings. In addition to evidence of a business relationship between the shareholders from publicly available information, directors with the same name as directors of the shareholders in Zijiang Enterprise served concurrently on the board of a Bermuda corporation.

Separately, a Zijiang Group company sold a significant stake in Well Tech to another company, Shanghai Zizhu, at a price below market value. Shanghai Zizhu was founded by Jiang Mianheng, son of former Chinese president Jiang Zemin.

The full letter is available in English and Chinese.

Who owns Marriott’s ‘Distinctive Premium’ hotels in Shanghai? (Third in a series)

Continuing our series looking at the ownership of Marriott properties in Shanghai (see the luxury hotels article and the ‘Classic Premium’ hotels article), we turn to Marriott’s ‘Distinctive Premium’ brands – Renaissance, Le Meridien, Tribute Portfolio, and Design Hotels.[i]

Where the company does not have an English name, a translation of the company’s Chinese name is included in [brackets]. For non-mainland China companies, the jurisdiction where the company is based is included in (italicized parentheses).

 

 

 The Waterhouse at South Bund, Shanghai, a Member of Design Hotels

Ownership of The Waterhouse at South Bund is split between two groups. The first group consists of Singapore citizens Eu Chow Sung Hwa Mary Nee, Eu Yee Kwong Geoffrey, Loh Lik Peng, who own their shares through a Hong Kong-based company. The second ownership interest is through 上海弘基企业(集团)股份有限公司 [Shanghai Hongji Enterprise (Group) Co.].

The Yuluxe Sheshan, Shanghai, a Tribute Portfolio Hotel & Le Royal Meridien Shanghai

The Yuluxe Sheshen and Le Royal Meridien are both owned by Hong Kong developer Shimao Group.[ii]

Le Meridien Shanghai, Minhang

The Le Meridien Shanghai, Minhang is owned by the Powerlong real estate group.[iii] Its ownership is held through a British Virgin Islands company.

Renaissance Shanghai Putuo Hotel

 The ownership of the Renaissance Shanghai Putuo Hotel is concentrated in the hands of two individual shareholders, 王杰 and 王健.

Renaissance Shanghai Caohejing Hotel

Although the Renaissance Shanghai Caohejing Hotel has some public ownership, part of it also owned by an offshore company, Premier Maker Limited.

Renaissance Shanghai Pudong

In addition to a wide array of others included on this complex chart, the Renaissance Shanghai Pudong is partially owned by affiliates of Chinese conglomerate HNA.

 

Renaissance Shanghai Yangtze Hotel

The Renaissance Shanghai Yangtze Hotel is owned by a British Virgin Islands company, Beyond Talent Holdings Limited. In 2017 all of the shares in State Properties Limited and Brightime Limited were transferred from a Jersey-based company to Beyond Talent Holdings Limited.

 

Renaissance Shanghai Yu Garden Hotel

The Renaissance Shanghai Yu Garden is wholly owned by Liu Zhengjun.

Renaissance Shanghai Zhongshan Park Hotel

The Renaissance Shanghai Zhongshan Park is owned by Tong Jinquan, chairman of real estate developer Summit Group and listed at #138 on Forbes’ China Rich List 2017.[iv]

 

[i] The chain scale established by Marriott International is in the company’s 2017 Annual Report: Form 10-K filed with the SEC, Marriott International, 2/15/18, pgs. 5-6. https://www.sec.gov/Archives/edgar/data/1048286/000162828018001756/mar-q42017x10k.htm.

[ii] 2017 Annual Report, Shimao Group, p. 32. http://www.shimaoproperty.com/Upload/DownloadFile/-NV63Ltop1M1.

[iii] Annual Report 2017, Powerlong Real Estate Holdings, p. 28. http://www.powerlong.com/download.action?moudelKey=reportNote&fileName=20180409123553bLpP.pdf.

[iv] Tong Jinquan, Forbes, retrieved 7/20/18. https://www.forbes.com/profile/tong-jinquan/#60435d662d2d.