Starwood, Fosun considering bids for A-HTRUST: sources

Hong Kong

STARWOOD Capital Group, the property investment firm, and Chinese billionaire Guo Guangchang's Fosun International Ltd are weighing bids for Ascendas Hospitality Trust (A-HTRUST), people with knowledge of the matter said.

Starwood Capital, which manages about US$45 billion of assets, and Fosun are studying the Singapore-based hotel owner and could submit offers as early as the end of January, the people said, asking not to be identified as the information is private.