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Molinaro Koger (MK) has expanded its international base of operations with the opening of offices in Beijing and Shanghai, China. MK’s
Asian initiatives will be led by the company’s new Senior Advisor, C.B. Sung, a well-respected, highly experienced Chinese American entrepreneur whose lodging
experience includes the development of the 1,000 room Great Wall Sheraton Hotel of Beijing, the largest of the very first three Sino-foreign joint ventures since China’s
formal announcement of the “Reform and Open Policy” in 1978.
“Mr. Sung’s extensive contacts within the Chinese government, provides us the crucial entrée required to serve our clients’ lodging-oriented investment interests
around the globe and underscores our truly global reach,” said Robert T.
Koger, President of the international hotel real estate brokerage and advisory
firm.
Molinaro Koger’s presence in China will provide access to assets for sale as well as
access to Asian investors looking to deploy capital into hotel projects throughout the
world.
A “scholarly entrepreneur,” C.B. Sung says development of China’s economy depends upon increased investment in China’s business travel and tourism industries.
“I look forward to leading Molinaro Koger’s Asia practice and to providing our clients opportunities throughout China,” said Mr. Sung. “This position will provide me the
opportunity to connect worldwide investors — channeling hotel development and financing into China while simultaneously allowing Chinese investors the platform for
directing investment capital to the U.S. as well as other key markets throughout the world.”
The two China offices represent Molinaro Koger’s tenth and eleventh offices worldwide. MK is headquartered in metro-Washington, DC with offices
now in London, Atlanta, Beijing, Chicago, Cincinnati, Dallas, Los Angeles, Phoenix, San Francisco and Shanghai.
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