Asia Pacific real estate investment news and information
Private equity superstar Barry Sternlicht’s Starwood Capital Group and Chinese developer Shimao Property Holdings are planning a $200 million China hotel joint venture, according to a conversation between Shimao executives and industry analysts this week.
Shimao will own a 51… Read More>>
Maybe the thought of all those holiday shoppers was too much for them, but this week’s barrage of people moves leads off with a trio of retail real estate veterans. Also showing up in new places with new namecards are… Read More>>
China Life Insurance has followed through on its promise to ramp up outbound real estate investment efforts by acquiring a $2 billion stake in a portfolio of US hotels from Starwood Capital Group.
According to a statement by Starwood Capital to NASDAQ,… Read More>>
China’s insurance companies continued their global shopping spree this week when Sunshine Insurance agreed to buy the still unopened Baccarat Hotel in New York for more than $230 million.
According to sources familiar with the transaction, Sunshine is paying the… Read More>>
Hospitality group Starwood Hotels & Resorts Worldwide announced on Friday that it had sold its Sheraton on the Park in Sydney, Australia to China’s Sunshine Insurance Group Corporation for A$463 million (US$401 million).
The acquisition continues a number of major… Read More>>
