China tycoon in talks to buy MassMutual's hotels
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Hong Kong/New York
CHINESE real estate tycoon Cai Kui's family office is in advanced talks to buy a US hotel portfolio from MassMutual for as much as US$800 million, a person with knowledge of the matter said.
Hong Kong-based Junson Capital, which manages the wealth of the Longfor Properties co-founder, plans to buy seven to eight hotels from MassMutual, according to the source.
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