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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Chinese Giants Compete to Bid for Starwood’s $12B Hotel Portfolio

Posted on 29 October 2015

A government fund, a state-owned hotel operator and an airline from China are all lining up to bid for America’s Starwood Hotels and Resorts Worldwide in a deal that, if realised, would set a new record for Chinese investment in the US.
Sovereign wealth fund China Investment Corporation (CIC), HNA – the parent company of China’s Hainan Airlines, and Shanghai-based Jin Jiang Hotel Group are all said to have submitted proposals to the central government to bid on the American hospitality group, according to an account in The Wall Street Journal………………………………………..Full Article: Source


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