Dalian Wanda Group has plans to end its partnerships with foreign hotel chains, according to an article by Nikkei Asian Review.
The company seeks to generate profit by rebranding jointly run properties and operating them as its own.
It will rebrand 10 existing luxury hotels under its own brand and independently operate any new hotels it opens in the future.
Wanda has already renamed the Sofitel Wanda Beijing, which was run jointly with France’s Accor, as the Wanda Vista Beijing.
