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Starwood Capital Sells Hotel Stake to China Life Insurance

Starwood Capital Group announced on Tuesday that it sold a stake in an approximately $2 billion U.S. hotel portfolio to China Life Insurance Co. Ltd., China’s largest insurance company. Following its purchase, China Life Insurance will be the lead investor in a group that includes 280 hotels in 40 states. This purchase follows a trend of Chinese investors pursuing U.S. real estate. Click here to read more.

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