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Hotel slump lures buyout firms

A potential pick-up in deals is expected after a slow start this year as market volatility creates opportunities for longer-term, value-oriented investors

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Hilton Worldwide Holdings Inc sold The Waldorf Astoria in Manhattan to China's Anbang Insurance Group Co for a record US$1.95 billion.

Seattle

BUYOUT firms expect that bargains may emerge in hotel investments following the slump in US lodging stocks, suggesting a potential pick-up in deals after a slow start this year.

"Market volatility creates opportunities for longer-term, value-oriented investors like

sentifi.com

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