Announced
Completed
Financials
Sources
Tags
Friendly
Australia
hotel
Single Bidder
Private
Acquisition
Cross Border
Completed
Majority
Hotels and Motels
Synopsis
Sunshine Insurance, an insurance company, completed the acquisition of Sheraton Hotel in Sydney from Starwood Hotels & Resorts, a company that owns, operates, franchises and manage hotels and resorts, for $401m. The acquisition continues a number of major trends for China’s increasingly confident overseas investors which lately have favored both investments in Australia and the acquisition of hotel properties.
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