6
Feb
Barings Sells Hotel Package to Chinese Investors for $650 Million
Westin Hotel, 400 Courthouse Square, Alexandria, VA
Barings, a Charlotte-based asset management firm, has sold seven U.S. hotels to Hong Kong-based Junson Capital for $650 million ($318,471/room).
Junson Capital is retaining Barings, which acted on behalf of its client, an international financial services company, to remain as asset manager for the hotel portfolio on a long-term basis.
The portfolio comprises seven upscale business-class hotels…
Source: Costar News
