Molinaro Koger (MK) announced that the firm has expanded its international base of operations with the opening of offices in Beijing and Shanghai, China…
Molinaro Koger (MK) announced that the firm 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 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.
“I am very pleased to welcome C.B. Sung to Molinaro Koger,” said Robert T. Koger, President of the international hotel real estate brokerage and advisory firm.
“Mr. Sung’s extensive contacts within the Chinese government, provides us the crucial entree required to serve our clients’ lodging-oriented investment interests around the globe and underscores our truly global reach,” said Mr. Koger.
Molinaro Koger’s presence in China will provide access to assets for sale as well as unparalleled access to Asian investors looking to deploy capital into hotel projects throughout the world, according to Mr. Koger.
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 opening of MK’s China offices, headed by CB Sung, exemplifies MK’s ability to attract highly qualified, well-connected individuals to execute the business imperatives of the firm’s clientele, according to Mr. Koger.
The two China offices represent Molinaro Koger’s tenth and eleventh offices worldwide. MK is headquartered in metro-Washington, DC with offices in London, Atlanta, Beijing, Chicago, Cincinnati, Dallas, Los Angeles, Phoenix, San Francisco and Shanghai. According to Rob Koger, further expansion is in the works. He anticipates opening offices in New York and South America in the coming months.
