Barry Sternlicht's Starwood Capital entered a strategic relationship with Shanghai Jin Jiang International Hotels, one of China's largest hotel operators.Starwood Capital will make a $30 million strategic investment in Jin Jiang, making Starwood the largest outside-shareholder in the company. Starwood Capital and Jin Jiang will work together to develop and strengthen each other's hotel business, mainly in China, and will cooperate on hotel business projects.
Starwood Capital in China Deal
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