Shimao Property holdings partners with Starwood Capital group to create new hotel joint venture in China

Apr 7, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Finance

Shimao Property Holdings Limited (SEHK:813), a leading Chinese property developer and operator, and Starwood Capital Group, a leading global private investment firm, announced today that controlled affiliates of the two companies will establish a new hotel joint venture based in China. Under the terms of the agreement, the venture will be owned 51% by Shimao and 49% by Starwood Capital Group.