The Dazhong group authorized to buy the Hilton Moorea and the St Régis de Bora Bora

This authorization is a further step towards the withdrawal of the Chinese group Hainan from the tourist economy of French Polynesia.

By Bertrand Prevost
Published on20 Jan 22 at 17:15
The Tahiti Dispatch

In a decision communicated this Thursday on its website, the Polynesian Competition Authority authorized the takeover by the group Dazhong Transportation Hong Kong Limited of the company Moorea Lagoon Resort (Hilton Moorea), of the company Hotelière Motu Ome' e (Hotel Saint Régis Bora Bora Resort) and the company Bora Bora Eden Cruise (maritime transport dedicated to the Hotel Saint Régis). The decision will be published later.

This authorization is a further step towards the withdrawal of the Chinese group Hainan from the tourist economy of French Polynesia.

The property was sold by another Chinese group, that had not invested much in terms of renovation of the property.

"Over two decades, Hainan Airlines has morphed into HNA Group. The company’s fortunes illustrate the challenge of boom-and-bust capitalism for Chinese companies. Between 2014 and 2017, the Chinese conglomerate took significant stakes in Hilton hotels, Swissport, Ingram Micro and Germany’s Deutsche Bank. This multibillion-dollar global spending spree even extended to French Polynesia. On 28 August 2014, HNA Aviation signed a development cooperation agreement with the government of French Polynesia. This opened the way for another subsidiary of the Hainan-based corporation, HNA Tourism Company Ltd, to buy two companies belonging to prominent French Polynesian businessman Louis Wane: the SA Moorea Lagoon Resort, owner of the Hilton Moorea Lagoon Resort and Spa in Moorea, and the SARL Société Hôtelière Motu Ome’e, owner of the Hotel St Régis in Bora Bora (Tahiti Infos 2016b)."

https://press-files.anu.edu.au/downl...eferer=&page=9

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