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Australia's Woolworths Sells $560M Hotel Portfolio To JV

By Andrew Westney (September 8, 2014, 3:56 PM EDT) -- A company led by Australian retailer Woolworths Ltd. agreed to sell 54 hotels across the country, most including retail liquor stores, to a joint venture created by asset and property manager Charter Hall Group and fund manager Hostplus for AU$603 million ($560 million), the company said Monday....

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