Boris Blobel, general manager of the Wanda Reign hotel in Shanghai, tells China Daily that Wang Jianlin’s Wanda Group has assembled 50 Chinese hotels in four years, and will have 100 by the end of this year, including seven overseas. The Wanda Reign was built at a cost of Rmb3 billion ($449.1 million) and is the most expensive hotel ever built in China.
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