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Announced

Completed

Sunshine Insurance completed the acquisition of Sheraton Hotel in Sydney from Starwood Hotels & Resorts for $401m.

Financials

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Transaction Value£256m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Friendly

Australia

hotel

Single Bidder

Private

Acquisition

Cross Border

Completed

Majority

Hotels and Motels

Synopsis

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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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