China Life agrees to invest $2 billion in Starwood Capital U.S. hotel portfolio

China Life agrees to invest $2 billion in Starwood Capital U.S. hotel portfolio
 

State-owned China Life Insurance Co Ltd is leading a group of investors injecting $2 billion (1.62 billion pounds) into Starwood Capital's U.S. hotels portfolio, adding to a string of deals in the sector by mainland Chinese buyers this year.
China Life will be the lead investor in the properties, with sovereign wealth funds and others in the portfolio of 280 limited-service hotels in U.S., Connecticut-based investment firm Starwood said in a statement on Tuesday.
Starwood Capital, which has no links with leisure group Starwood Hotels & Resorts Worldwide, didn't identify any of the other... read more

 
19 October 2016 in Business, Views: 61
Source: Reuters
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