Starwood Capital Establishes China-Based Hotel Joint Venture with Shimao Property
Hong Kong and Shanghai- Paul Hastings, a leading global law firm, announced today that the firm advised Starwood Capital Group (“Starwood Capital”), a leading global private investment firm, in the establishment of a new China-based hotel joint venture with Shimao Property Holdings Limited, a leading Chinese property developer and operator.
Controlled affiliates of the two companies will establish the joint venture to focus on developing, operating, and branding assets in the rapidly growing hotel market in China via both management contracts and leasing agreements. This type of partnership represents a significant milestone in the Chinese hospitality sector.
Paul Hastings has advised Starwood Capital on several significant transactions including matters relating to hotel management, refinancing and acquisitions across a number of markets over the years.
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