China Life Insurance Led Investor Group into Starwood Capital Hotel Portfolio
Gradually, more mainland Chinese institutional investors are gazing toward the United States and Europe for large-scale exposure toward hospitality assets. For example, in February 2015, Connecticut-based Starwood Capital Group sold the fancy Baccarat Hotel in Manhattan to Sunshine Insurance Group Company Limited for US$ 230 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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