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New Century Tourism Group

 Chinese investment group to buy 37-hectare Bordeaux estate

new-century-tourism.jpgOne of China's largest hotel investment firms, New Century Tourism Group, has acquired 37-hectare Chateau de Birot in Bordeaux France.

Financial details have not been disclosed, but local government figures show that the price of vineyard land in this area in 2013 was between 7,000 and 30,000 euros per hectare. New Century Tourism Group owns 160 luxury hotels across China.

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