[photopress:18_1_1.jpg,full,alignright]Starwood has entered into a strategic relationship with Shanghai Jin Jiang International Hotels, one of China’s largest hotel operators.
Starwood Capital Group will make a $30 million strategic investment in Jin Jiang, making Starwood the largest outside shareholder in the company. The partnership will work together to develop and strengthen each other’s hotel business, mainly in China, and will co-operate on hotel business projects.
Source: Commercial Property News