Originally Posted by
RJ77
This isn't a unique problem to Accor, is it? More to do with credit crunch of China. Projects like these survive on available loans, the pool seems to have dried up a bit.
Yes, and no. Basically, in prime locations, owners call the shots, and Accor simply doesn't offer a compelling business case in most situations. As such, they are often forced to deal with speculative developments and/or difficult owners (e.g. Jinjiang, Wanda...).