Starwood and Jin Jiang Announce Partnership

Starwood Capital Group and Shanghai Jin Jiang International Hotels Company on Wednesday announced a partnership that states Starwood will make a $30 million investment in Jin Jiang, making Starwood the largest outside shareholder in the company. The purpose of the partnership is also for the two hoteliers to help strengthen each other's business, mainly in the People's Republic of China. The two companies will also cooperate on hotel projects.

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