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Shui On Land Nabs $255M In Sale Of Shanghai Hotel Stakes

By Andrew McIntyre (August 27, 2014, 3:21 PM EDT) -- Shui On Land Ltd. is selling its interest in a Shanghai hotel and its majority stake in the owner of another nearby hotel to subsidiaries of Hong Kong-based real estate firm Great Eagle Holdings Ltd. for about 1.565 billion Chinese yuan ($255 million), the companies announced Wednesday....

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