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Real Estate Rumor Mill: Parnas, Starwood, Blackstone

By Natalie Rodriguez (February 17, 2015, 1:04 PM EST) -- As the bidding for South Korea's Parnas Hotel Co. Ltd. winds down, GS Retail Co. Ltd is reportedly at the front of the pack with a preferred bid of about about 750 billion won ($677 million), according to a Reuters report, which cited a Korean newspaper and the parent of the hotel operator. The bid for the 67.6 percent stake is said to have beat out other rivals including Hong Kong-based private equity firm Gaw Capital and South Korean financial services group Mirae Asset, among others, according to the Reuters report....

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