Starwood Sells US Hotel Portfolio Stake To China Life

By Fola Akinnibi (October 19, 2016, 1:32 PM EDT) -- Starwood Capital Group said Tuesday that it will sell a stake in a $2 billion U.S. select-service hotel portfolio to a consortium of sovereign wealth funds and other investors led by China Life Insurance Co. Ltd., marking Chinese investors' latest foray into the U.S. hospitality market....

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