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Chinese insurer buys Sydney's Hyde Park Sheraton for A$463m

Saturday, November 22, 2014 - 05:50

Sydney

STARWOOD Hotels & Resorts Worldwide has sold its Sheraton hotel in Sydney to China's Sunshine Insurance Group for A$463 million (S$523 million).

Starwood will continue to manage the five-star hotel, overlooking Sydney's Hyde Park, under its current brand, the Stamford,